Grupo Aeroportuario del Pacífico, S.A.B. de C.V. Just Beat EPS By 29%: Here's What Analysts Think Will Happen Next

As you might know, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV:GAPB) just kicked off its latest quarterly results with some very strong numbers. It was a solid earnings report, with revenues and statutory earnings per share (EPS) both coming in strong. Revenues were 12% higher than the analysts had forecast, at Mex$8.5b, while EPS were Mex$4.83 beating analyst models by 29%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. 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 Pacífico. de

Taking into account the latest results, the most recent consensus for Grupo Aeroportuario del Pacífico. de from 14 analysts is for revenues of Mex$34.6b in 2024. If met, it would imply a credible 3.5% increase on its revenue over the past 12 months. Statutory earnings per share are forecast to drop 18% to Mex$15.57 in the same period. In the lead-up to this report, the analysts had been modelling revenues of Mex$32.3b and earnings per share (EPS) of Mex$15.68 in 2024. So it looks like there's been no major change in sentiment following the latest results, although the analysts have made a modest lift to to revenue forecasts.

It may not be a surprise to see thatthe analysts have reconfirmed their price target of Mex$311, implying that the uplift in revenue is not expected to greatly contribute to Grupo Aeroportuario del Pacífico. de's valuation in the near term. 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. The most optimistic Grupo Aeroportuario del Pacífico. de analyst has a price target of Mex$370 per share, while the most pessimistic values it at Mex$280. This is a very narrow spread of estimates, implying either that Grupo Aeroportuario del Pacífico. de is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

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 pretty clear that there is an expectation that Grupo Aeroportuario del Pacífico. de's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 4.7% growth on an annualised basis. This is compared to a historical growth rate of 24% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 6.8% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Grupo Aeroportuario del Pacífico. de.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. The consensus price target held steady at Mex$311, 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. We have forecasts for Grupo Aeroportuario del Pacífico. de 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 3 warning signs for Grupo Aeroportuario del Pacífico. de that you should be aware of.

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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.