UPDATE: Grupo Aeroportuario del Q3 EPS $2.90 Misses $2.95 Estimate, Sales $433.30M Miss $454.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grupo Aeroportuario del (NYSE:PAC) reported Q3 earnings of $2.90 per share, missing the analyst consensus estimate of $2.95 by 1.66%. The company also reported quarterly sales of $433.30 million, missing the analyst consensus estimate of $454.67 million by 4.70%. However, both earnings and sales have increased compared to the same period last year.
October 24, 2023 | 10:57 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Grupo Aeroportuario del's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY growth in both earnings and sales might mitigate this impact.
Missing analyst estimates often leads to a negative reaction in the stock market. However, the YoY growth in earnings and sales indicates the company's overall financial health is improving, which might offset the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100