Copa Holdings (CPA) Surges 7.4%: Is This an Indication of Further Gains?

Copa Holdings (CPA) shares soared 7.4% in the last trading session to close at $89.26. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12% loss over the past four weeks.The stock gained following President Donald Trump's announcement of a 90-day pause on most of the sweeping tariffs that were recently crushing stocks. This holding company for Panama's national airline is expected to post quarterly earnings of $3.78 per share in its upcoming report, which represents a year-over-year change of -9.8%. Revenues are expected to be $892.3 million, down 0.1% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Copa Holdings, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on CPA going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Copa Holdings is part of the Zacks Transportation - Airline industry. International Consolidated Airlines Group SA (ICAGY), another stock in the same industry, closed the last trading session 10.5% higher at $6.50. ICAGY has returned -22% in the past month.International Consolidated Airlines Group's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.01. Compared to the company's year-ago EPS, this represents a change of +90%. International Consolidated Airlines Group currently boasts a Zacks Rank of #3 (Hold).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Copa Holdings, S.A. (CPA): Free Stock Analysis Report International Consolidated Airlines Group SA (ICAGY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks