OMAB

Financial Performance: Grupo Aeroportuario del Centro Norte reported a Q4 GAAP EPS of Ps. 3.07 and revenue of Ps. 4.12 billion, reflecting an 11.1% year-over-year increase.

Passenger Traffic Growth: The company experienced a 4.6% increase in passenger traffic during the fourth quarter.

Earnings Reports Overview: Several companies, including ON Semiconductor, CenterPoint Energy, and PROCEPT BioRobotics, are set to report earnings for Q3 2024, with most showing a decrease in expected earnings per share compared to the previous year.

Industry Comparisons: Zacks Investment Research indicates that many of these companies have higher Price to Earnings ratios than their industry averages, suggesting potential for better earnings growth relative to competitors.

Zacks Rank Upgrade: Grupo Aeroportuario del Centro Norte (OMAB) has been upgraded to a Zacks Rank #1 (Strong Buy) due to rising earnings estimates, indicating a positive outlook for its stock price.

Earnings Estimate Correlation: The correlation between earnings estimate revisions and stock price movements suggests that the company's improving business fundamentals could lead to higher stock performance in the near term.

Comparison of Investment Options: Grupo Aeroportuario del Centro Norte (OMAB) is currently rated higher than Expeditors International (EXPD) based on Zacks Rank and various valuation metrics, indicating that OMAB may be the better undervalued stock option for investors.

Valuation Metrics Analysis: OMAB has a more favorable forward P/E ratio and PEG ratio compared to EXPD, contributing to its stronger Value grade of B versus EXPD's D, suggesting a superior earnings outlook for OMAB.

Stock Performance Overview: Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) shares are currently in oversold territory with an RSI of 29.1, indicating potential exhaustion of recent selling pressure and possible buying opportunities.

52 Week Range Analysis: OMAB's stock has a 52-week low of $50.23 and a high of $100.21, with the latest trade at $60.27, suggesting significant fluctuations in its market performance over the past year.

Market Performance: The Industrial Select Sector SPDR Fund ETF (XLI) increased by 1.82% for the week ending August 23, outperforming the SPDR S&P 500 Trust ETF (SPY) which rose by 1.41%. Powell Industries was the top gainer in the industrial sector, while Dycom Industries saw the largest decline.

Stock Ratings and Trends: Year-to-date, XLI has risen by 13.41%, with significant gains among the top five industrial stocks, all of which have increased over 10%. Conversely, Dycom Industries and other companies faced declines, although Dycom's stock remains up 56.50% year-to-date despite recent drops.

Q2 2024 Performance Overview: Grupo Aeroportuario del Centro Norte reported a 2.4% decrease in passenger traffic, with domestic traffic down 4.3% due to the Pratt & Whitney engine recall affecting low-cost carriers, while international traffic increased by 12%. Non-aeronautical revenues grew by 13.8%, driven by VIP lounges and parking services.

Capital Expenditure and Future Plans: The company achieved significant milestones in infrastructure development at Monterrey airport, including the expansion of Terminal A East, and plans to continue investing in strategic projects across various airports to enhance capacity and services, while also focusing on diversifying revenue streams through cargo and hotel services.

Earnings Report: Central North Airport Gr (NASDAQ:OMAB) reported Q2 2024 earnings per share of $1.45, exceeding the analyst estimate of $1.28, and revenue of $203.21 million, which was 11.19% higher than the expected $182.77 million.

Automated Coverage: InvestorPlace Earnings utilizes TradeSmith data to provide automated coverage of quarterly earnings reports, highlighting key financial metrics without human intervention for timely updates.

Major Earnings Reports: Key companies reporting earnings after the market close on Thursday include Vale S.A., Digital Realty Trust, L3Harris Technologies, Baker Hughes Company, and DexCom.

Additional Earnings Releases: A wide range of other companies are also expected to release their earnings after Thursday's close, including AEYE, AJG, ALEX, and many more.

Earnings Report Announcement: Grupo Aeroportuario del Centro Norte SAB de C B will report its latest earnings on July 25, with analysts expecting earnings per share of MXN 23.64, a significant increase from MXN 1.49 in the same quarter last year.

Projected Financial Growth: Analysts anticipate the company will report MXN 3.36 billion in revenue, marking a 1538.91% increase compared to the previous year, and expect an annual profit of MXN 98.59 per share, up from MXN 5.85 per share last year.

Top Rated Industrial Stocks: Validea's Contrarian Investor model highlights United Airlines Holdings Inc (UAL) as a leading large-cap value stock with a rating of 76%, indicating improving fundamentals, while Golden Ocean Group Ltd (GOGL) and Grupo Aeroportuario del Centro Norte (OMAB) are mid-cap stocks rated at 64%.

David Dreman's Investment Strategy: The article discusses David Dreman's successful investment strategies, emphasizing the importance of identifying unpopular stocks with strong fundamentals, and mentions Validea's role in providing analysis based on various investment legends.

Science Applications International Corporation (SAIC):

• Reported a 9% revenue decline in the fiscal first quarter of 2025, leading to an 11% drop in shares.
• Adjusted EPS was $1.92, in line with analyst estimates.

Stock Movements:

• Microbot Medical Inc. and Bio-Path Holdings saw significant stock jumps.
• GameStop Corp. shares climbed after Roaring Kitty shared his position on Reddit.
• Several other companies experienced notable gains, including Professional Diversity Network and MarineMax, among others.

Stock Declines:

• Various companies faced declines, such as CalAmp Corp., Ault Disruptive Technologies Corporation, CNS Pharmaceuticals, and more.
• The Boston Beer Company shares fell following sale speculation reports.

Other Market Updates:

• AMC Entertainment Holdings and Novavax saw gains.
• Dell Technologies reported a decline despite upbeat earnings and sales results.

Industry Developments:

• GSK plc plans to appeal a ruling regarding ranitidine litigation.
• Lattice Semiconductor announced an interim CEO following leadership changes.

• OMAB stock has recently lost 10.8% but showed a hammer chart pattern, indicating potential support and a trend reversal.
• Rising optimism among analysts about future earnings enhances the stock's prospects.
• Hammer chart pattern signifies a potential turnaround at the bottom of a downtrend.
• The pattern can be used by both short-term and long-term investors on various timeframes.
• Upward trend in earnings estimate revisions and Zacks Rank #2 for OMAB suggest a bullish outlook and potential trend reversal.

• The Industrial Select Sector (XLI) fell for the second consecutive week, down -0.69%, while SPDR S&P 500 Trust ETF (SPY) remained flat.
• 9 out of 11 S&P 500 sectors ended the week in the red, with XLI gaining +9.19% YTD and SPY climbing +11.39%.

• Bloom Energy (BE) surged +32.12%, Powell Industries (POWL) jumped +27.29%, Dycom (DY) climbed +20.80%, Cadeler (CDLR) rose +20.10%, and UL Solutions (ULS) increased by +12.88%.

• Nordson (NDSN) tumbled -9.41%, Lincoln Electric (LECO) declined -10.79%, Grupo Aeroportuario del Centro Norte (OMAB) dropped -8.76%, ATS fell -8.34%, and CAE decreased by -8.17%.

• Various stocks had different SA Quant Ratings and Wall Street Analysts' Ratings, impacting their overall performance and investor sentiment.

• Bloom Energy saw significant gains due to clean energy trends, while Nordson faced a decline post lower-than-expected guidance.

• Industrial Select Sector (XLI) rose +1.82% with trucking stocks declining.
• SPDR S&P 500 Trust ETF (SPY) rose +2.65%, both XLI and SPY swung back to gains after previous losses.
• Top five gainers in the industrial sector saw significant increases, with Vertiv (VRT) leading at +24.64%.

• Vertiv (VRT) soared after exceeding Q1 estimates, while Exponent (EXPO) surged post better-than-expected results.
• Joby Aviation (JOBY) rose but YTD shares fell, Grupo Aeroportuario del Pacífico (PAC) and Grupo Aeroportuario del Centro Norte (OMAB) climbed.
• TriNet (TNET), Saia (SAIA), and Old Dominion Freight Line (ODFL) experienced declines.

• SA Quant Rating on VRT is Hold, while Wall Street analysts mostly rate it as Strong Buy.
• EXPO has a Sell rating by SA Quant, but analysts rate it as Buy.
• JOBY has a Sell rating by SA Quant, but analysts have a Hold rating.

• TriNet (TNET) faced a stock drop after releasing first-quarter results.
• Southwest Airlines (LUV) fell due to wider loss than expected in Q1 earnings.

• ArcBest (ARCB) dipped this week despite YTD rise, while Southwest Airlines (LUV) also experienced a decline.
• ODFL reported less-than-stellar metrics, leading to a stock dip.