ASR Earnings Prediction
The chart below shows how ASR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ASR sees a +0.22% change in stock price 10 days leading up to the earnings, and a +2.14% change 10 days following the report. On the earnings day itself, the stock moves by +0.38%. This data can give you a slight idea of what to expect for the next quarter's release.
ASR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
429.17M
23.21%
-2.12%
Gross Margin
98.16%
0.46%
0.25%
Operating Margin
58.74%
-7.36%
-4.63%
Net Margin
51.11%
18.78%
19.25%
EPS
0.71
54.35%
16.39%
No Data Available
ASR Earnings Analysis
Grupo Aeroportuario del Sureste, S.A.B. de C.V. Corporation (ASR.N) Earnings Conference Call
Positive
**
- Record high passenger traffic of nearly 18 million passengers in the second quarter, a 3% increase year-on-year.
- Colombia showed the strongest traffic growth of 21% year-on-year, driven by increases in both domestic and international traffic in the high teens and high 20s respectively.
- Puerto Rico experienced a 9% increase in traffic, with growth in both domestic and international traffic in the high single digits and double digits.
- Total revenues increased nearly 18% to MXN7 billion in the quarter, with Mexico, Puerto Rico, and Colombia showing revenue growth in the high teens, middle single digits, and 30s respectively.
- Commercial revenues increased by 7%, reflecting the opening of 45 new commercial spaces over the past 12 months in Mexico, Puerto Rico, and Colombia.
- Consolidated EBITDA was up 18% year-on-year to MXN5 billion in the quarter, with a relatively unchanged adjusted EBITDA margin at 69%.
- Strong profitability across all regions of operation, with Puerto Rico showing over a 90% increase in comparable EBITDA, followed by Colombia and Mexico with 49% and 18% increases respectively.
- Net majority income was up 50% year-on-year to MXN3.7 billion, benefiting from a foreign exchange gain of nearly MXN950 million due to depreciation of the Mexican peso against the U.S. dollar.
Negative
- Domestic traffic in Mexico declined close to 5%, reflecting single-digit contractions in both international and domestic traffic.
- Mexico City Airport accounted for 45% of ASUR's domestic traffic in 2023 and is expected to continue negatively impacting domestic traffic this year.
- Costs and expenses increased nearly 30% year-on-year, slightly below revenue growth, impacting profitability.
- There are ongoing challenges with the Pratt & Whitney engines and reduction of capacity in Mexico City Airport affecting operations and performance.
ASR FAQs
How does ASR typically perform around its earnings report dates?
Is Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) Q2 2024 Earnings Call Summary positive or negative?
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ASR Earning Call Sentiment
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) Q2 2024 Earnings Call Transcript
1.0x
00:00
00:00
ASR.N
2.25%Positive
The company's earnings call reveals strong financial performance, with a 50% increase in net income and significant revenue growth driven by Colombia. The shareholder return plan includes substantial dividend payments, and despite competitive pressures and supply chain challenges, the company maintains a healthy financial position. The Q&A section highlights management's optimistic outlook for traffic recovery and revenue growth, despite some uncertainties. The record high passenger traffic and positive commercial expansion further support a positive sentiment. Overall, the strong financial results and optimistic guidance suggest a positive stock price movement.
