- Mexico
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- Infrastructure
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- BMV:ASUR B
Grupo Aeroportuario del Sureste S. A. B. de C. V Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Grupo Aeroportuario del Sureste S. A. B. de C. V (BMV:ASURB) Third Quarter 2024 Results
Key Financial Results
- Revenue: Mex$7.48b (up 18% from 3Q 2023).
- Net income: Mex$3.38b (up 25% from 3Q 2023).
- Profit margin: 45% (up from 43% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: Mex$11.27 (up from Mex$9.03 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grupo Aeroportuario del Sureste S. A. B. de C. V EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) exceeded analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Infrastructure industry in South America.
Performance of the market in Mexico.
The company's shares are down 4.9% from a week ago.
Valuation
Following the latest earnings results, Grupo Aeroportuario del Sureste S. A. B. de C. V may be undervalued based on 6 different valuation benchmarks we assess. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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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.
About BMV:ASUR B
Grupo Aeroportuario del Sureste S. A. B. de C. V
Grupo Aeroportuario del Sureste, S. A. B.
Flawless balance sheet, undervalued and pays a dividend.
