For the quarter ended September 2023, Copa Holdings (CPA) reported revenue of $867.71 million, up 7.2% over the same period last year. EPS came in at $4.39, compared to $2.91 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $879.27 million, representing a surprise of -1.32%. The company delivered an EPS surprise of +17.38%, with the consensus EPS estimate being $3.74.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Copa Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Load factor: 87.8% compared to the 87.5% average estimate based on four analysts.
- Passenger revenue per ASM: 11.7 cents versus 11.82 cents estimated by three analysts on average.
- Yield: 13.4 cents versus 13.52 cents estimated by three analysts on average.
- RASM: 12.2 cents versus the three-analyst average estimate of 12.33 cents.
- Avg. Price per Fuel Gallon: $3 compared to the $3.15 average estimate based on three analysts.
- Available seat miles: 7,109 million versus the three-analyst average estimate of 7,045.17 million.
- CASM: 9.3 cents compared to the 9.84 cents average estimate based on three analysts.
- Revenue Passengers miles: 6,239 million versus the three-analyst average estimate of 6,152.12 million.
- Total Number of Aircraft: 103 compared to the 104 average estimate based on two analysts.
- CASM excluding fuel: 5.8 cents compared to the 5.96 cents average estimate based on two analysts.
- Fuel Gallons Consumed: 83.9 Mgal versus 82.47 Mgal estimated by two analysts on average.
- Operating Revenues- Passenger revenue: $833.31 million compared to the $842.07 million average estimate based on four analysts. The reported number represents a change of +7.6% year over year.
View all Key Company Metrics for Copa Holdings here>>>
Shares of Copa Holdings have returned +6.6% over the past month versus the Zacks S&P 500 composite’s +4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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