Zacks Research Has Bullish Estimate for Copa Q3 Earnings

Key Points

• Zacks Research raised Copa’s Q3 2026 EPS estimate to $4.03 from $3.98, while projecting FY2026 EPS of $15.91 versus the $15.76 consensus.
• Copa’s latest quarter fell short of expectations, with EPS of $1.67 versus $1.88 expected and revenue of $1.06 billion versus $1.08 billion; however, revenue increased 25.7% year over year.
• Analysts maintain a consensus “Buy” rating and a $172.20 price target. Copa also declared a quarterly dividend of $1.71 per share, representing a 5.2% annualized yield.

Copa Holdings, S.A. (NYSE:CPA - Free Report) - Equities researchers at Zacks Research increased their Q3 2026 earnings estimates for Copa in a note issued to investors on Wednesday, August 26th. Zacks Research analyst Team now anticipates that the transportation company will post earnings per share of $4.03 for the quarter, up from their prior estimate of $3.98. The consensus estimate for Copa's current full-year earnings is $15.76 per share. Zacks Research also issued estimates for Copa's Q4 2026 earnings at $5.05 EPS, FY2026 earnings at $15.91 EPS, Q1 2027 earnings at $5.01 EPS, Q2 2027 earnings at $4.66 EPS, Q3 2027 earnings at $4.24 EPS, Q4 2027 earnings at $3.97 EPS, FY2027 earnings at $17.87 EPS, Q1 2028 earnings at $5.00 EPS, Q2 2028 earnings at $5.50 EPS and FY2028 earnings at $23.64 EPS.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.21). Copa had a return on equity of 22.40% and a net margin of 15.71%.The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the prior year, the firm posted $3.61 EPS. The firm's quarterly revenue was up 25.7% compared to the same quarter last year.

A number of other brokerages have also recently weighed in on CPA. Wall Street Zen cut shares of Copa from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Copa in a report on Tuesday, August 11th. UBS Group cut their target price on Copa from $195.00 to $185.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Jefferies Financial Group initiated coverage on Copa in a report on Thursday, June 18th. They issued a "buy" rating and a $185.00 target price for the company. Finally, The Goldman Sachs Group upped their target price on Copa from $138.00 to $156.00 and gave the company a "buy" rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Copa currently has an average rating of "Buy" and a consensus price target of $172.20.

Copa Trading Down 0.9%

NYSE CPA opened at $132.32 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. The firm's fifty day moving average price is $143.33 and its 200 day moving average price is $133.56. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 1.20 and a beta of 1.01. Copa has a 12 month low of $107.44 and a 12 month high of $160.46.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $1.71 per share. The ex-dividend date is Monday, August 31st. This represents a $6.84 dividend on an annualized basis and a yield of 5.2%. Copa's dividend payout ratio is currently 44.97%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elevation Wealth Partners LLC raised its holdings in shares of Copa by 240.8% in the second quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company's stock valued at $26,000 after buying an additional 118 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of Copa during the fourth quarter worth about $27,000. Empowered Funds LLC purchased a new position in shares of Copa during the fourth quarter worth about $29,000. US Bancorp DE increased its position in Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company's stock valued at $30,000 after acquiring an additional 120 shares during the period. Finally, SJS Investment Consulting Inc. increased its position in Copa by 284.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company's stock valued at $33,000 after acquiring an additional 216 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Copa

Here are the key news stories impacting Copa this week:

• Positive Sentiment: Zacks raised its EPS forecasts for Q3 2026 to $4.03 from $3.98, Q4 2026 to $5.05 from $5.02, Q1 2027 to $5.01 from $4.94, and Q2 2027 to $4.66 from $4.65. The firm also increased its Q1 2028 estimate to $5.00 from $4.74, Q2 2028 to $5.50 from $5.32, and FY2028 to $23.64 from $23.52, suggesting improved longer-term earnings potential.
• Positive Sentiment: Analysts maintain a consensus rating of “Buy” on CPA, indicating that Wall Street’s overall view remains favorable despite the forecast adjustments. Copa Holdings Receives Consensus Buy Rating
• Neutral Sentiment: Zacks’ updated forecasts imply FY2026 EPS of $15.91, slightly above the current consensus estimate of $15.76. However, the estimate was lowered from $16.06, making the change broadly mixed rather than decisively bullish.
• Negative Sentiment: Zacks cut its FY2027 EPS forecast to $17.87 from $18.24, reduced Q3 2027 EPS to $4.24 from $4.49, and lowered Q4 2027 EPS to $3.97 from $4.16. These reductions point to some moderation in expected earnings growth and could weigh on investor sentiment.

About Copa

Copa Holdings, SA NYSE: CPA is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.

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