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Grupo Aeroportuario Del Centro (OMAB)
:OMAB
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.3Last Year’s EPS
1.25Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 21.11%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with strong international traffic growth and record financial performance driven by non-aeronautical revenues and strategic commercial projects. However, challenges such as a decline in overall and domestic passenger traffic, increased concession tax, and a decrease in net income were also highlighted.Company Guidance
During the third quarter of 2024, OMA reported a complex operational and financial landscape. Passenger traffic totaled 7 million, a 5.3% decline from the same quarter last year, mainly due to the Pratt & Whitney engine recall impacting domestic low-cost carriers, resulting in a 7.4% drop in domestic passenger traffic. However, international traffic set a record with a 0.9 million passenger count, marking an 11% increase, primarily driven by routes from Monterrey. Financially, OMA achieved a record MXN 3.2 billion in combined aeronautical and non-aeronautical revenues, with non-aeronautical revenues surging by 19%, supported by a 17% increase in commercial revenues from restaurants, VIP lounges, and parking. This performance led to an adjusted EBITDA of MXN 2.4 billion, reflecting a 75.4% margin. Capital expenditures during the quarter were MXN 581 million, and the company maintained a net debt to adjusted EBITDA ratio of 0.95x. Despite challenging conditions, OMA's strategic initiatives in commercial and diversification projects contributed significantly to mitigating traffic declines.International Passenger Traffic Growth
International passenger traffic reached a historical quarter record level of 0.9 million passengers, an 11% increase compared to the third quarter of last year, primarily driven by Monterrey Airport.
Record Financial Performance
The sum of aeronautical and non-aeronautical revenues achieved a record performance of MXN 3.2 billion, with non-aeronautical revenues increasing by 19%.
Commercial and Diversification Revenue Growth
Commercial revenues grew 17% and diversification revenues increased 27%, driven by restaurants, VIP lounges, parking, and OMA Carga, which saw a 32% increase.
Adjusted EBITDA Margin
OMA's third quarter adjusted EBITDA reached MXN 2.4 billion with a margin of 75.4%, which would have been 78.4% excluding the surplus of concession tax.
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OMAB 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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OMAB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $63.28 | $64.05 | +1.22% |
| Jul 25, 2024 | $67.19 | $67.27 | +0.12% |
| Apr 24, 2024 | $76.66 | $80.63 | +5.18% |
| Feb 22, 2024 | $67.11 | $67.15 | +0.06% |
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 Centro (OMAB) report earnings?
Grupo Aeroportuario Del Centro (OMAB) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Grupo Aeroportuario Del Centro (OMAB) earnings time?
Grupo Aeroportuario Del Centro (OMAB) earnings time is at Feb 13, 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 OMAB EPS forecast?
OMAB EPS forecast for the fiscal quarter 2024 (Q4) is 1.3.
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