Revenue Beat: Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Exceeded Revenue Forecasts By 7.1% And Analysts Are Updating Their Estimates

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB) just released its latest third-quarter results and things are looking bullish. The company beat expectations with revenues of Mex$3.7b arriving 7.1% ahead of forecasts. Statutory earnings per share (EPS) were Mex$3.57, 5.6% 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Grupo Aeroportuario del Centro Norte. de after the latest results.

See our latest analysis for Grupo Aeroportuario del Centro Norte. de

Following the latest results, Grupo Aeroportuario del Centro Norte. de's 15 analysts are now forecasting revenues of Mex$15.6b in 2025. This would be a modest 6.3% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 5.5% to Mex$13.64. Before this earnings report, the analysts had been forecasting revenues of Mex$15.5b and earnings per share (EPS) of Mex$13.56 in 2025. 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.

There were no changes to revenue or earnings estimates or the price target of Mex$199, suggesting that the company has met expectations in its recent result. 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 Centro Norte. de analyst has a price target of Mex$237 per share, while the most pessimistic values it at Mex$170. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

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. We would highlight that Grupo Aeroportuario del Centro Norte. de's revenue growth is expected to slow, with the forecast 5.0% annualised growth rate until the end of 2025 being well below the historical 19% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 7.8% per year. Factoring in the forecast slowdown in growth, it seems obvious that Grupo Aeroportuario del Centro Norte. de is also expected to grow slower than other industry participants.

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 plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at Mex$199, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. 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.

We don't want to rain on the parade too much, but we did also find 2 warning signs for Grupo Aeroportuario del Centro Norte. de that you need to be mindful 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.