Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates

Shareholders might have noticed that Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB) filed its yearly result this time last week. The early response was not positive, with shares down 5.1% to Mex$479 in the past week. Grupo Aeroportuario del Sureste S. A. B. de C. V beat revenue expectations by 4.8%, at Mex$26b. Statutory earnings per share (EPS) came in at Mex$34.01, some 2.2% short of analyst estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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

After the latest results, the ten analysts covering Grupo Aeroportuario del Sureste S. A. B. de C. V are now predicting revenues of Mex$31.9b in 2024. If met, this would reflect a major 23% improvement in revenue compared to the last 12 months. Per-share earnings are expected to grow 19% to Mex$40.46. Yet prior to the latest earnings, the analysts had been anticipated revenues of Mex$30.4b and earnings per share (EPS) of Mex$39.14 in 2024. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of Mex$593, suggesting that the forecast performance does not have a long term impact on the company's valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Grupo Aeroportuario del Sureste S. A. B. de C. V, with the most bullish analyst valuing it at Mex$739 and the most bearish at Mex$469 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Grupo Aeroportuario del Sureste S. A. B. de C. V's rate of growth is expected to accelerate meaningfully, with the forecast 23% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 14% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 3.6% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Grupo Aeroportuario del Sureste S. A. B. de C. V to grow faster than the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Grupo Aeroportuario del Sureste S. A. B. de C. V following these results. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target held steady at Mex$593, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. 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 2026, and you can see them free on our platform here..

You still need to take note of risks, for example - Grupo Aeroportuario del Sureste S. A. B. de C. V has 2 warning signs (and 1 which is potentially serious) we think you should know about.

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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.