Grupo Aeroportuario del Pacifico
The 10-second takeaway
For the quarter ended June 30 (Q2), Grupo Aeroportuario del Pacifico beat expectations on both revenue and earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share expanded significantly.
Margins grew across the board.
Grupo Aeroportuario del Pacifico reported revenue of $91.1 million. The three analysts polled by S&P Capital IQ expected revenue of $87.4 million on the same basis. GAAP-reported sales were 12% lower than the prior-year quarter's $103.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.05. The one earnings estimate compiled by S&P Capital IQ forecast $0.04 per share. GAAP EPS of $0.05 for Q2 were 67% higher than the prior-year quarter's $0.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 76.8%, 4,590 basis points better than the prior-year quarter. Operating margin was 43.1%, 1,220 basis points better than the prior-year quarter. Net margin was 28.7%, 1,300 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $87.3 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $363.5 million. The average EPS estimate is $0.19.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Grupo Aeroportuario del Pacifico is underperform, with an average price target of $3.90.
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