OMAB Earnings Prediction
The chart below shows how OMAB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OMAB sees a +0.77% change in stock price 10 days leading up to the earnings, and a +1.99% change 10 days following the report. On the earnings day itself, the stock moves by -0.40%. This data can give you a slight idea of what to expect for the next quarter's release.
OMAB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
203.14M
-0.86%
-8.26%
Gross Margin
60.70%
-0.75%
16.46%
Operating Margin
55.10%
-2.82%
15.39%
Net Margin
36.91%
5.07%
28.43%
EPS
0.19
0.00%
18.75%
No Data Available
OMAB Earnings Analysis
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Corporation (OMAB.O) Earnings Conference Call
Positive
OMA's international passenger traffic saw a strong performance in the second quarter with a 12% increase compared to the same period last year. The growth was primarily driven by the Monterrey airport, with significant increases on key routes to Atlanta, Las Vegas, Toronto, and Orlando.
International passenger traffic increased by 12% compared to the same quarter last year, driven by routes from the Monterrey airport to key international destinations.
Significant growth on routes to Atlanta, Las Vegas, Toronto, and Orlando contributed to approximately 60% of the international passenger traffic increase during the quarter.
OMA's non-aeronautical revenues grew by 13.8% in the second quarter, demonstrating successful execution and consolidation of strategic projects. Commercial revenues increased by 12%, primarily due to VIP Lounges and Parking revenues.
Despite a decrease in aeronautical revenue, non-aeronautical revenues grew by 13.8%, highlighting successful strategic projects.
Significant growth in commercial revenues, particularly from VIP Lounges and Parking, contributed to the overall growth in non-aeronautical revenues.
OMA saw a 27% increase in diversification revenues, with OMA Cargo contributing significantly to this growth with a 35% increase. The establishment of new cargo transportation routes and warehouse expansion plans indicate a focus on logistics hub development.
Diversification revenues grew by 27%, with OMA Cargo contributing substantially to this growth.
The initiation of operations with Lufthansa Cargo and warehouse expansion in Monterrey reflect OMA's commitment to establishing itself as a key logistics hub.
OMA invested MXN816 million in MDP investments, major maintenance, and strategic projects during the quarter, demonstrating a commitment to enhancing airport facilities and services for passengers and stakeholders. Projects in Monterrey, Ciudad Juarez, Torreon, Culiacan, Durango, and Mazatlan signify ongoing infrastructure development efforts.
OMA's significant investment in MDP projects reflects a commitment to infrastructure development and enhancing passenger experience.
Ongoing projects in multiple airports indicate a focus on improving facilities and services across various locations.
Negative
- Passenger traffic decreased by 2.4% in the second quarter of 2024 compared to the same period last year, with a significant 4.3% decrease in domestic passenger traffic excluding Acapulco.
- Aeronautical revenues decreased by 2.5% primarily due to the performance of domestic passenger traffic, despite a slight increase in aeronautical revenue per passenger.
- Construction revenues experienced a 22% decrease in the second quarter due to lower MDP investment execution speed, impacting the overall financial performance.
- Cost of services and G&A expenses increased by 16.5% compared to the same period last year, driven by the expansion of operational areas leading to higher unit costs.
- Concession tax increased by 71% to MXN239.3 million due to the rate increase from 5% to 9%, affecting the financial results and potentially impacting future tariff revisions.
OMAB FAQs
How does OMAB typically perform around its earnings report dates?
Is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q2 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
OMAB Earning Call Sentiment
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q2 2024 Earnings Call Transcript
1.0x
00:00
00:00
OMAB.O
-0.86%Positive
The earnings call reveals several negative factors: increased concession taxes, rising operational costs, and a decline in passenger traffic and aeronautical revenue. The Q&A section highlights a lack of clear guidance, particularly concerning future traffic and CapEx plans. Although non-aeronautical revenue growth and a slight net income increase are positives, they are overshadowed by broader financial and operational challenges. Given the market cap, these factors are likely to result in a stock price decline of -2% to -8% over the next two weeks.
