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Grupo Aeroportuario Del Sureste (ASR)
NYSE:ASR
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$5.31Last Year’s EPS
$85.23Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: -4.79%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth and expansions in commercial spaces, particularly in Colombia, alongside a robust financial position. However, challenges such as a decline in passenger traffic, especially in Mexico, and increased operational costs were also prominent. The company is navigating through these issues while maintaining profitability.Company Guidance
In the third-quarter 2024 earnings call for ASURB.MX, comprehensive guidance was provided on various metrics. Passenger traffic overall declined by 2% year-on-year, reaching slightly over 17 million passengers, with Colombia leading growth at 16%, followed by a 5% increase in Puerto Rico, while Mexico experienced a 10% decline. Total revenues rose by 14% to nearly MXN 7 billion, driven by a 30% increase in Colombia, 13% in Puerto Rico, and nearly 12% in Mexico. The company also reported a 12% year-on-year increase in consolidated EBITDA to MXN 4.7 billion. Additionally, capital investments for the quarter exceeded MXN 1 billion, contributing to MXN 1.9 billion in the first nine months, with major projects underway in Mexico's airports. Despite challenges like the Pratt & Whitney engine issues impacting domestic traffic in Mexico, the company achieved a 28% increase in net majority income to MXN 3.4 billion, supported by a significant foreign exchange gain.Revenue Growth
Total revenues in Q3 2024 increased by 14% to nearly MXN 7 billion, with strong performance across all three countries of operation. Colombia showed a 30% revenue increase, Mexico 12%, and Puerto Rico 13%.
Colombia Passenger Traffic Growth
Colombia achieved a 16% year-on-year increase in passenger traffic, with domestic and international traffic up by 23% and 14%, respectively.
Commercial Space Expansion
54 new commercial spaces opened in the last 12 months, resulting in a 5% increase in commercial revenues, with notable growth of 38% in Colombia.
EBITDA Performance
Consolidated EBITDA increased by 12% to MXN 4.7 billion, with Colombia showing the strongest performance with a 28% increase.
Strong Balance Sheet
The company ended the quarter with cash and cash equivalents over MXN 18 billion and a debt ratio of negative 0.3x EBITDA.
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ASR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $275.85 | $267.00 | -3.21% |
| Jul 23, 2024 | $313.85 | $309.93 | -1.25% |
| Apr 22, 2024 | $305.12 | $327.49 | +7.33% |
| Feb 26, 2024 | $289.10 | $279.30 | -3.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Grupo Aeroportuario Del Sureste (ASR) report earnings?
Grupo Aeroportuario Del Sureste (ASR) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Grupo Aeroportuario Del Sureste (ASR) earnings time?
Grupo Aeroportuario Del Sureste (ASR) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASR EPS forecast?
ASR EPS forecast for the fiscal quarter 2024 (Q4) is $5.31.
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