Broker Revenue Forecasts For Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB) Are Surging Higher

Shareholders in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that Grupo Aeroportuario del Sureste S. A. B. de C. V will make substantially more sales than they'd previously expected.

After the upgrade, the 13 analysts covering Grupo Aeroportuario del Sureste S. A. B. de C. V are now predicting revenues of Mex$30b in 2024. If met, this would reflect a meaningful 15% improvement in sales compared to the last 12 months. Per-share earnings are expected to swell 12% to Mex$38.27. Previously, the analysts had been modelling revenues of Mex$28b and earnings per share (EPS) of Mex$37.77 in 2024. There doesn't appear to have been a major change in analyst sentiment following this consensus update, other than the small increase to revenue estimates.

Check out our latest analysis for Grupo Aeroportuario del Sureste S. A. B. de C. V

The consensus price target increased 6.0% to Mex$571, with an improved revenue forecast carrying the promise of a more valuable business, in time.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of Grupo Aeroportuario del Sureste S. A. B. de C. V'shistorical trends, as the 12% annualised revenue growth to the end of 2024 is roughly in line with the 14% annual revenue growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 4.8% per year. So although Grupo Aeroportuario del Sureste S. A. B. de C. V is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with analysts reconfirming that earnings per share are expected to continue performing in line with their prior expectations. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. There was also an increase in the price target, suggesting that there is more optimism baked into the forecasts than there was previously. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Grupo Aeroportuario del Sureste S. A. B. de C. V.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At Simply Wall St, we have a full range of analyst estimates for Grupo Aeroportuario del Sureste S. A. B. de C. V going out to 2025, and you can see them free on our platform here..

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.