Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Just Recorded A 13% Revenue Beat: Here's What Analysts Think
Investors in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB) had a good week, as its shares rose 2.4% to close at Mex$233 following the release of its quarterly results. It was a mildly positive result, with revenues exceeding expectations at Mex$4.5b, while statutory earnings per share (EPS) of Mex$3.80 were in line with analyst forecasts. 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.
Following the latest results, Grupo Aeroportuario del Centro Norte. de's 13 analysts are now forecasting revenues of Mex$16.8b in 2026. This would be a modest 2.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to grow 18% to Mex$16.50. Before this earnings report, the analysts had been forecasting revenues of Mex$17.0b and earnings per share (EPS) of Mex$16.51 in 2026. 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.
See our latest analysis for Grupo Aeroportuario del Centro Norte. de
The analysts reconfirmed their price target of Mex$263, showing that the business is executing well and in line with expectations. 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. Currently, the most bullish analyst values Grupo Aeroportuario del Centro Norte. de at Mex$320 per share, while the most bearish prices it at Mex$214. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
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 5.3% annualised growth rate until the end of 2026 being well below the historical 14% 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 8.3% 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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Grupo Aeroportuario del Centro Norte. de's revenue is expected to perform worse than the wider industry. The consensus price target held steady at Mex$263, 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 2028, 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.