Grupo Aeroportuario del Q1 EPADS $2.37 Misses $3.23 Estimate, Sales $472.78M Beat $400.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grupo Aeroportuario del (NYSE:PAC) reported Q1 earnings of $2.37 per share, missing the analyst consensus estimate of $3.23 by 26.63%. However, the company's quarterly sales of $472.78 million beat the estimate of $400.57 million by 18.03%. This represents a 2.6% increase in earnings and a 61.3% increase in sales compared to the same period last year.
July 25, 2023 | 6:15 am
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NEUTRAL IMPACT
Grupo Aeroportuario del's Q1 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Grupo Aeroportuario del's earnings miss could negatively impact the stock price, but the sales beat could offset this. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100