Grupo Aeroportuario del Pacífico. de Full Year 2024 Earnings: Misses Expectations

Grupo Aeroportuario del Pacífico (BMV:GAPB) reported its Full Year 2024 results, missing revenue and earnings expectations. Revenue reached Mex$26.8 billion, up 5.3% from FY 2023, while net income fell 9.8% to Mex$8.61 billion, resulting in a profit margin decrease from 38% to 32%. The Guadalajara segment was the largest revenue contributor. Analysts forecast an 18% annual revenue growth over the next three years, compared to 8.5% for the South American infrastructure industry. The company's shares rose 8.2% recently, but two warning signs for investors were noted.

Grupo Aeroportuario del Pacífico. de (BMV:GAPB) Full Year 2024 Results

Key Financial Results

Revenue: Mex$26.8b (up 5.3% from FY 2023).
Net income: Mex$8.61b (down 9.8% from FY 2023).
Profit margin: 32% (down from 38% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: Mex$17.04 (down from Mex$18.89 in FY 2023).

Our free stock report includes 2 warning signs investors should be aware of before investing in Grupo Aeroportuario del Pacífico. de. Read for free now.

BMV:GAP B Revenue and Expenses Breakdown April 27th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grupo Aeroportuario del Pacífico. de Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 1.1%.

The primary driver behind last 12 months revenue was the Guadalajara segment contributing a total revenue of Mex$6.69b (25% of total revenue). The most substantial expense, totaling Mex$6.36b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how GAP B's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Infrastructure industry in South America.

Performance of the market in Mexico.

The company's shares are up 8.2% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Grupo Aeroportuario del Pacífico. de that you should be aware of before investing here.

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