It's been a good week for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB) shareholders, because the company has just released its latest quarterly results, and the shares gained 5.3% to Mex$242. Grupo Aeroportuario del Centro Norte. de beat revenue forecasts by a solid 14% to hit Mex$4.9b. Statutory earnings per share came in at Mex$4.01, in line with expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, the consensus forecast from Grupo Aeroportuario del Centro Norte. de's 14 analysts is for revenues of Mex$18.9b in 2027. This reflects a solid 9.3% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 32% to Mex$18.67. Before this earnings report, the analysts had been forecasting revenues of Mex$18.9b and earnings per share (EPS) of Mex$18.66 in 2027. 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.
View our latest analysis for Grupo Aeroportuario del Centro Norte. de
It will come as no surprise then, to learn that the consensus price target is largely unchanged at Mex$260. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Grupo Aeroportuario del Centro Norte. de analyst has a price target of Mex$320 per share, while the most pessimistic values it at Mex$220. 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 Grupo Aeroportuario del Centro Norte. de's revenue growth is expected to slow, with the forecast 7.3% annualised growth rate until the end of 2027 being well below the historical 12% p.a. growth over the last five years. Compare this to the 20 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 7.8% per year. So it's pretty clear that, while Grupo Aeroportuario del Centro Norte. de's revenue growth is expected to slow, it's expected to grow roughly in line with the 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at Mex$260, 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 estimates - from multiple Grupo Aeroportuario del Centro Norte. de analysts - going out to 2028, and you can see them free on our platform here.
Even so, be aware that Grupo Aeroportuario del Centro Norte. de is showing 2 warning signs in our investment analysis , you should know about...
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