Grupo Aeroportuario del Q2 2024 GAAP EPADS $3.46 Beats $3.01 Estimate, Sales $421.466M Miss $454.752M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grupo Aeroportuario del (NYSE:PAC) reported Q2 2024 earnings per share of $3.46, beating the analyst estimate of $3.01 by 14.92%. However, sales of $421.466 million missed the $454.752 million estimate by 7.32%. EPS increased by 45.95% year-over-year, while sales decreased by 10.85%.
July 23, 2024 | 5:32 am
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Grupo Aeroportuario del (NYSE:PAC) reported strong Q2 2024 EPS of $3.46, beating estimates by 14.92%, but missed sales estimates by 7.32%. EPS saw a significant year-over-year increase of 45.95%, while sales decreased by 10.85%.
The significant beat on EPS is a positive indicator for investors, suggesting strong profitability. However, the miss on sales and the year-over-year decline in revenue may temper some of the enthusiasm. Overall, the positive EPS surprise is likely to have a more substantial short-term impact on the stock price.
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