Copa Holdings Increases Sales but Misses Estimates on Earnings
Copa Holdings (NYS: CPA) reported earnings Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Copa Holdings beat slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted.
Gross margins expanded, operating margins shrank, net margins shrank.
Copa Holdings chalked up revenue of $504.6 million. The 11 analysts polled by S&P Capital IQ wanted to see sales of $494.8 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $414.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.93. The 12 earnings estimates compiled by S&P Capital IQ anticipated $1.95 per share on the same basis. GAAP EPS of $2.36 for Q4 were 15% lower than the prior-year quarter's $2.77 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.6%, 360 basis points better than the prior-year quarter. Operating margin was 21.0%, 690 basis points worse than the prior-year quarter. Net margin was 20.7%, 870 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $506.0 million. On the bottom line, the average EPS estimate is $1.97.
Next year's average estimate for revenue is $2.12 billion. The average EPS estimate is $7.50.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 147 members out of 170 rating the stock outperform, and 23 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Copa Holdings a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Copa Holdings is outperform, with an average price target of $84.62.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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