Grupo Aeroportuario Centro Norte Crushes Earnings Estimates

Grupo Aeroportuario Centro Norte (Nasdaq: OMAB  ) reported earnings on Feb. 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Grupo Aeroportuario Centro Norte met expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped significantly.

Gross margins shrank, operating margins expanded, net margins dropped.

Revenue details
Grupo Aeroportuario Centro Norte logged revenue of $55.5 million. The three analysts polled by S&P Capital IQ predicted revenue of $55.3 million on the same basis. GAAP reported sales were 34% lower than the prior-year quarter's $84.5 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.04. The three earnings estimates compiled by S&P Capital IQ anticipated $0.02 per share. GAAP EPS of $0.04 for Q4 were 43% lower than the prior-year quarter's $0.07 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 63.3%, 1,690 basis points worse than the prior-year quarter. Operating margin was 33.2%, 2,310 basis points better than the prior-year quarter. Net margin was 29.9%, 530 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for re! venue is $45.4 million. On the bottom line, the average EPS estimate is $0.03.

Next year's average estimate for revenue is $221.9 million. The average EPS estimate is $0.11.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Grupo Aeroportuario Centro Norte is hold, with an average price target of $1.77.

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