Copa Holdings Drops 1.98%, Underperforming Major US Indexes

Copa Holdings fell 1.98% to close at $131.07 in the latest session, a steeper decline than the S&P 500’s 0.77% drop. The Dow lost 0.67%, while the Nasdaq fell 0.92%.

Before the session, Copa shares had gained 3.26%, according to the article. The Transportation sector was down 7.07% over that comparison period, while the S&P 500 was up 0.96%.

Zacks consensus estimates call for quarterly earnings of $3.98 a share, down 5.24% from the year-earlier quarter. Revenue is forecast at $1.17 billion, up 28.48%.

For the full fiscal year, Zacks estimates earnings of $15.22 a share and revenue of $4.48 billion. Those figures would represent a 6.51% decline in earnings and 23.84% revenue growth from the prior year.

The consensus estimate for earnings per share fell 0.85% over the past month, Zacks said. The publisher also cited a forward price-to-earnings ratio of 8.78 for Copa, compared with an industry average of 11.73.