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Corporacion America Airports SA (CAAP)
NYSE:CAAP
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.21Last Year’s EPS
$0.81Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2024
|% Change Since: -2.68%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted the company's geographical diversification as a strength, with positive performances in Uruguay, Brazil, and Italy. However, the macroeconomic challenges in Argentina significantly affected revenues and adjusted EBITDA, with declines in domestic traffic and cargo revenues. The domestic tariff increase in Argentina offers a potential positive outlook moving forward.Company Guidance
During the third quarter 2024 earnings call for Corporación América Airports (CAAP), guidance was provided highlighting several key metrics. Revenues excluding IFRIC12 decreased by approximately 4% year-over-year, in line with a 4% decline in total passenger traffic, while revenue per passenger held steady at $19. Adjusted EBITDA also declined in the new teens, primarily due to macroeconomic challenges in Argentina, which affected domestic traffic and operational costs. However, CAAP maintained a strong cash flow and a solid balance sheet with net leverage at a record low of 0.9x. A significant development was the 124% increase in domestic passenger tariffs in Argentina, effective November 1, which is expected to support local operations. Additionally, an $80 million dividend distribution was approved by CAAP's Argentine subsidiary, AA2000, and the company completed a $30.9 million acquisition, increasing its economic interest in AA2000. These strategic moves underscore CAAP's focus on financial stability and growth opportunities.Diverse Geographic Portfolio Performance
Strong performances in Uruguay, Brazil, and Italy mitigated weaker results in Argentina. Notably, international traffic in Argentina increased by nearly 10%.
Passenger Traffic Growth in Key Regions
Passenger traffic in Italy grew by 6%, and Uruguay's passenger numbers increased by 15%. Brazil also saw a 6% recovery in traffic, excluding Natal Airport.
Strong Cash Flow and Low Net Leverage
The company closed with a total liquidity position of $605 million, up 32% from year-end 2023, and a net leverage ratio of 0.9x.
Domestic Tariff Increase in Argentina
A 124% increase in domestic passenger tariffs in Argentina was approved, effective November 1.
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CAAP 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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CAAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $19.40 | $17.99 | -7.27% |
| Aug 21, 2024 | $15.78 | $15.11 | -4.25% |
| May 22, 2024 | $18.26 | $17.46 | -4.38% |
| Mar 20, 2024 | $15.69 | $15.72 | +0.19% |
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 Corporacion America Airports SA (CAAP) report earnings?
Corporacion America Airports SA (CAAP) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Corporacion America Airports SA (CAAP) earnings time?
Corporacion America Airports SA (CAAP) earnings time is at Mar 19, 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 CAAP EPS forecast?
CAAP EPS forecast for the fiscal quarter 2024 (Q4) is $0.21.
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