Copa Holdings, S.A. (NYSE:CPA) is reporting third quarter earnings results on Wednesday 18th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 2.74 per share.
For the full year, analysts predict revenues of $ 822.49 million, while looking forward to loss of $ 5.66 per share.
Previous Quarter Performance
Copa Holdings, S.A. outlined loss for the second quarter of $ 2.70 per share, from the revenue of $ 14.53 million. According to street consensus, CPA was expected to report 2Q20 loss of $ 3.55 per share from revenue of $ 15.20 million. The bottom line results beat street analysts by $ 0.85 or 23.94 percent, at the same time, top line results fell short of analysts by $ 0.67 million or 4.41 percent.
Stock Performance
Shares of Copa Holdings, S.A. traded low $ -1.11 or -1.49 percent on Tuesday, reaching $ 73.53 with volume of 673.80 thousand shares. Copa Holdings, S.A. has traded high as $ 75.28 and has cracked $ 71.50 on the downward trend
According to the previous trading day, closing price of $ 73.53, representing a 211.00 % increase from the 52 week low of $ 24.00 and a 34.53 % decrease over the 52 week high of $ 114.00.
The company has a market capital of $ 3.11 billion and is part of the Industrials sector and Airlines industry.
Recent Analyst recommendations
- On 1st October 2020, downgraded by Goldman Sachs Group to Neutral from Buy rating.
Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.
