Analysts Have Made A Financial Statement On Grupo Aeroportuario del Pacífico, S.A.B. de C.V.'s (BMV:GAPB) Annual Report

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV:GAPB) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat expectations with revenues of Mex$33b arriving 3.5% ahead of forecasts. Statutory earnings per share (EPS) were Mex$19.04, 4.5% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

View our latest analysis for Grupo Aeroportuario del Pacífico. de

Following the recent earnings report, the consensus from eleven analysts covering Grupo Aeroportuario del Pacífico. de is for revenues of Mex$31.4b in 2024. This implies a discernible 5.4% decline in revenue compared to the last 12 months. Statutory earnings per share are expected to decline 18% to Mex$15.70 in the same period. Before this earnings report, the analysts had been forecasting revenues of Mex$31.5b and earnings per share (EPS) of Mex$16.56 in 2024. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

The consensus price target held steady at Mex$305, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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. Currently, the most bullish analyst values Grupo Aeroportuario del Pacífico. de at Mex$390 per share, while the most bearish prices it at Mex$155. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

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. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 5.4% by the end of 2024. This indicates a significant reduction from annual growth of 23% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 3.5% annually for the foreseeable future. It's pretty clear that Grupo Aeroportuario del Pacífico. de's revenues are expected to perform substantially worse 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 Pacífico. de. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Grupo Aeroportuario del Pacífico. de analysts - going out to 2026, and you can see them free on our platform here.

Before you take the next step you should know about the 3 warning signs for Grupo Aeroportuario del Pacífico. de (1 is a bit unpleasant!) that we have uncovered.

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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.