Here's What Analysts Are Forecasting For Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB) After Its Yearly Results

Last week, you might have seen that Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB) released its yearly result to the market. The early response was not positive, with shares down 2.5% to Mex$515 in the past week. It was a pretty mixed result, with revenues beating expectations to hit Mex$26b. Statutory earnings fell 2.2% short of analyst forecasts, reaching Mex$34.01 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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

After the latest results, the 13 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 substantial 24% improvement in revenue compared to the last 12 months. Per-share earnings are expected to climb 15% to Mex$39.27. Before this earnings report, the analysts had been forecasting revenues of Mex$32.1b and earnings per share (EPS) of Mex$39.18 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

The analysts reconfirmed their price target of Mex$592, showing that the business is executing well and in line with expectations. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Grupo Aeroportuario del Sureste S. A. B. de C. V analyst has a price target of Mex$739 per share, while the most pessimistic values it at Mex$469. 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.

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. 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 24% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 14% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 6.5% per year. 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 to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue 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 in mind, we wouldn't be too quick to come to a conclusion on Grupo Aeroportuario del Sureste S. A. B. de C. V. Long-term earnings power is much more important than next year's profits. 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.