The Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB) Yearly Results Are Out And Analysts Have Published New Forecasts

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB) shareholders are probably feeling a little disappointed, since its shares fell 2.2% to Mex$152 in the week after its latest annual results. Results were roughly in line with estimates, with revenues of Mex$14b and statutory earnings per share of Mex$12.98. 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. 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.

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

Taking into account the latest results, Grupo Aeroportuario del Centro Norte. de's twelve analysts currently expect revenues in 2024 to be Mex$14.3b, approximately in line with the last 12 months. Statutory earnings per share are expected to decrease 4.0% to Mex$12.46 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of Mex$14.6b and earnings per share (EPS) of Mex$12.90 in 2024. The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.

The consensus price target held steady at Mex$197, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Grupo Aeroportuario del Centro Norte. de analyst has a price target of Mex$240 per share, while the most pessimistic values it at Mex$170. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Grupo Aeroportuario del Centro Norte. de shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Grupo Aeroportuario del Centro Norte. de's past performance and to peers in the same industry. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 1.1% by the end of 2024. This indicates a significant reduction from annual growth of 15% 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 3.3% 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 important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. 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$197, 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. At Simply Wall St, we have a full range of analyst estimates for Grupo Aeroportuario del Centro Norte. de going out to 2026, and you can see them free on our platform here..

You still need to take note of risks, for example - Grupo Aeroportuario del Centro Norte. de has 3 warning signs we think 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.