Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Just Beat Revenue Estimates By 13%

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB) just released its latest quarterly results and things are looking bullish. Grupo Aeroportuario del Centro Norte. de beat expectations, with revenue hitting Mex$3.8b (13% ahead of estimates) and EPS reaching Mex$2.79 (a 6.6% beat). 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for Grupo Aeroportuario del Centro Norte. de

After the latest results, the consensus from Grupo Aeroportuario del Centro Norte. de's 14 analysts is for revenues of Mex$13.8b in 2024, which would reflect a perceptible 7.7% decline in revenue compared to the last year of performance. Statutory earnings per share are expected to fall 11% to Mex$11.59 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of Mex$14.3b and earnings per share (EPS) of Mex$11.70 in 2024. So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.

The consensus has reconfirmed its price target of Mex$196, showing that the analysts don't expect weaker revenue expectations next year to have a material impact on Grupo Aeroportuario del Centro Norte. de's market value. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Grupo Aeroportuario del Centro Norte. de, with the most bullish analyst valuing it at Mex$235 and the most bearish at Mex$170 per share. 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.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that revenue is expected to reverse, with a forecast 10% annualised decline to the end of 2024. That is a notable change from historical growth of 17% 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 6.8% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Grupo Aeroportuario del Centro Norte. de is expected to lag the wider industry.

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. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. 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 Centro Norte. de analysts - going out to 2026, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Grupo Aeroportuario del Centro Norte. de , and understanding these should be part of your investment process.

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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.