Grupo Aeroportuario del Sureste, S. A. B. de C. V. Just Missed Earnings - But Analysts Have Updated Their Models
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB) shareholders are probably feeling a little disappointed, since its shares fell 4.0% to Mex$469 in the week after its latest second-quarter results. Statutory earnings per share of Mex$7.65 unfortunately missed expectations by 10%, although it was encouraging to see revenues of Mex$9.6b exceed expectations by 8.6%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Following the latest results, Grupo Aeroportuario del Sureste S. A. B. de C. V's 13 analysts are now forecasting revenues of Mex$40.6b in 2026. This would be a reasonable 6.6% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 44% to Mex$47.83. Before this earnings report, the analysts had been forecasting revenues of Mex$41.2b and earnings per share (EPS) of Mex$41.34 in 2026. Although the revenue estimates have not really changed, we can see there's been a substantial gain in earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.
View our latest analysis for Grupo Aeroportuario del Sureste S. A. B. de C. V
There's been no major changes to the consensus price target of Mex$672, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. 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 Sureste S. A. B. de C. V analyst has a price target of Mex$835 per share, while the most pessimistic values it at Mex$605. 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.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 14% growth on an annualised basis. That is in line with its 15% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 8.2% per year. So it's pretty clear that Grupo Aeroportuario del Sureste S. A. B. de C. V is forecast to grow substantially faster than its industry.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Grupo Aeroportuario del Sureste S. A. B. de C. V following these results. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at Mex$672, 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 Sureste S. A. B. de C. V analysts - going out to 2028, and you can see them free on our platform here.
Before you take the next step you should know about the 1 warning sign for Grupo Aeroportuario del Sureste S. A. B. de C. V that we have uncovered.
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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.