Brokerages expect Copa Holdings, S.A. (NYSE:CPA) to announce sales of $256.94 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Copa’s earnings. The highest sales estimate is $263.00 million and the lowest is $251.00 million. Copa reported sales of $14.53 million during the same quarter last year, which indicates a positive year over year growth rate of 1,668.3%. The business is expected to issue its next quarterly earnings results on Wednesday, August 4th.
On average, analysts expect that Copa will report full year sales of $1.30 billion for the current year, with estimates ranging from $1.19 billion to $1.42 billion. For the next year, analysts anticipate that the firm will report sales of $2.12 billion, with estimates ranging from $1.90 billion to $2.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Copa.
Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, May 5th. The transportation company reported ($2.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.20) by ($0.03). The business had revenue of $185.68 million during the quarter, compared to analyst estimates of $188.93 million. Copa had a negative net margin of 32.25% and a negative return on equity of 4.01%.
Several brokerages have issued reports on CPA. Zacks Investment Research upgraded Copa from a “sell”…