Grupo Aeroportuario del Sureste, S. A. B. de C. V. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

As you might know, Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB) recently reported its second-quarter numbers. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at Mex$7.5b, statutory earnings beat expectations by a notable 24%, coming in at Mex$12.25 per share. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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

After the latest results, the 14 analysts covering Grupo Aeroportuario del Sureste S. A. B. de C. V are now predicting revenues of Mex$32.1b in 2024. If met, this would reflect a solid 14% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be Mex$39.62, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of Mex$33.6b and earnings per share (EPS) of Mex$40.58 in 2024. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the minor downgrade to earnings per share expectations.

The analysts made no major changes to their price target of Mex$634, suggesting the downgrades are not expected to have a long-term impact on Grupo Aeroportuario del Sureste S. A. B. de C. V's valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Grupo Aeroportuario del Sureste S. A. B. de C. V at Mex$780 per share, while the most bearish prices it at Mex$539. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. 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 31% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 16% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 8.8% 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 biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Grupo Aeroportuario del Sureste S. A. B. de C. V. They also downgraded Grupo Aeroportuario del Sureste S. A. B. de C. V's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Grupo Aeroportuario del Sureste S. A. B. de C. V analysts - going out to 2026, and you can see them free on our platform here.

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Grupo Aeroportuario del Sureste S. A. B. de C. V that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com