The chart below shows how FER performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FER sees a +0.00% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Toll Road Mobility Benefits: Toll Roads continue to benefit from increased mobility in Canada in the 407.
Managed Lanes Revenue Growth: The U.S. managed lanes posted solid revenue per transaction growth.
Record-Breaking Airport Growth: Record-breaking numbers at Heathrow and strong growth in AGS and Dalaman.
Profitability Improvement in Construction: Construction had another quarter with profitability improvement with a 3.9% EBIT margin.
Infrastructure Asset Dividends: We have received dividends from infrastructure assets of €490 million, including the first dividend from the I-77.
Negative
EBIT Margin Decline: The company reported a 3.9% EBIT margin for the first nine months of 2024, indicating a decline in profitability compared to previous periods.
North American Revenue Decline: The revenue from North American assets was €444 million, which is below the €400 million mark from the same period last year, reflecting a decrease in revenue generation.
Construction Backlog Decline: The construction segment experienced a drop in backlog, attributed to the completion of major projects, which negatively impacts future revenue expectations.
Adverse Weather Impact: The company faced adverse weather conditions that affected traffic and revenue, leading to a negative impact on overall performance in the third quarter.
Dividend Distribution Impact: The dividend distribution for the year was €490 million, which is a significant cash outflow that could impact future investment capabilities.
Ferrovial SE (FER) Q3 2024 Earnings Call Transcript
FER.O
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