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Copa Holdings (CPA)
NYSE:CPA
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.84Last Year’s EPS
$4.47Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2024
|% Change Since: -14.80%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Copa's strong operating margin and capacity growth, supported by cost efficiency and a solid financial position. However, the decline in passenger yields and revenues, along with challenges from flight suspensions and Boeing delivery delays, presented significant concerns.Company Guidance
During the Copa Holdings Q3 2024 earnings call, the company provided guidance reflecting their strong financial performance and strategic outlook. The airline achieved an industry-leading operating margin of 20.3%, with the potential to have reached 21.2% absent the impact of flight suspensions between Panama and Venezuela. Key metrics included a capacity increase of 9.5% year-over-year, a load factor of 86.2%, and a 10.1% decrease in unit revenues (RASM) to $0.11. The company reported a net profit of $146 million, or $3.50 per share, with operating profits at $173.7 million. Despite challenges such as the softer yield environment and delays in Boeing aircraft deliveries, Copa expects to grow capacity by 7% to 9% in 2025, supported by an updated fleet plan. The company also maintains a strong balance sheet, ending the quarter with $1.3 billion in cash and investments, and a debt-to-EBITDA ratio of 0.6x. Looking ahead, Copa anticipates an operating margin of 21% to 22% for the full year 2024.Strong Operating Margin
Copa Holdings reported an industry-leading operating margin of 20.3% for Q3 2024, despite a softer yield environment.
Capacity and Passenger Traffic Growth
Capacity increased by 9.5% year-over-year, and passenger traffic grew by 7.6% compared to the same period in 2023.
Cost Efficiency
Unit cost excluding fuel (CASM X) decreased by 1.6% compared to Q3 2023, mainly driven by lower sales and distribution costs.
Fleet Expansion
Copa expects to receive 11 Boeing 737 MAX 8 aircraft in 2025, increasing the fleet to 123 aircraft by year-end.
Strong Financial Position
Copa ended the quarter with over $1.3 billion in cash, representing 36% of the last 12 months' revenues, and an adjusted net debt-to-EBITDA ratio of 0.6x.
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CPA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $103.98 | $91.16 | -12.33% |
| Aug 07, 2024 | $80.12 | $84.46 | +5.42% |
| May 15, 2024 | $104.31 | $104.04 | -0.26% |
| Feb 07, 2024 | $94.26 | $93.56 | -0.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Copa Holdings (CPA) report earnings?
Copa Holdings (CPA) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Copa Holdings (CPA) earnings time?
Copa Holdings (CPA) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPA EPS forecast?
CPA EPS forecast for the fiscal quarter 2024 (Q4) is $3.84.
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