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Should You Buy Copa Holdings (CPA) Ahead of Earnings?
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Investors are always looking for stocks that are poised to beat at earnings season and Copa Holdings, S.A. (CPA - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Copa Holdings is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for CPA in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.37 per share for OC, compared to a broader Zacks Consensus Estimate of $2.33 per share. This suggests that analysts have very recently bumped up their estimates for CPA, giving the stock a Zacks Earnings ESP of +1.84% heading into earnings season.
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Clearly, recent earnings estimate revisions suggest that good things are ahead for Copa Holdings, and that a beat might be in the cards for the upcoming report.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
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Should You Buy Copa Holdings (CPA) Ahead of Earnings?
Investors are always looking for stocks that are poised to beat at earnings season and Copa Holdings, S.A. (CPA - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Copa Holdings is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for CPA in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.37 per share for OC, compared to a broader Zacks Consensus Estimate of $2.33 per share. This suggests that analysts have very recently bumped up their estimates for CPA, giving the stock a Zacks Earnings ESP of +1.84% heading into earnings season.
Copa Holdings, S.A. Price and EPS Surprise
Copa Holdings, S.A. Price and EPS Surprise | Copa Holdings, S.A. Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that CPA has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Copa Holdings, and that a beat might be in the cards for the upcoming report.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>