Published on 21 Mar 2024 on Zacks via Yahoo Finance

Copa Holdings (CPA) Stock Falls Amid Market Uptick: What Investors Need to Know

In the latest market close, Copa Holdings (CPA) reached $103.81, with a -1.98% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.32%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.2%.

Coming into today, shares of the holding company for Panama's national airline had gained 7.85% in the past month. In that same time, the Transportation sector gained 2.86%, while the S&P 500 gained 5.11%.

Market participants will be closely following the financial results of Copa Holdings in its upcoming release. The company is forecasted to report an EPS of $3.14, showcasing a 21.3% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $848.71 million, reflecting a 2.14% fall from the equivalent quarter last year.