Overview
Argentina-based airport operator's Q4 revenue rose 17%, beating analyst expectations
Q4 adjusted EBITDA grew nearly 40%, beating analyst expectations
Operating income for Q4 missed analyst expectations
Outlook
Company did not provide specific financial guidance for 2026 or future periods in its press release
Result Drivers
PASSENGER TRAFFIC GROWTH - Record passenger traffic in Argentina, Armenia, Italy and Uruguay supported Q4 results, per CEO Martín Eurnekian
REVENUE MIX - Both aeronautical and commercial revenues grew at double-digit rates, driving revenue growth above traffic gains, per company
COST DISCIPLINE AND ONE-OFF IMPACT - Argentina benefited from disciplined cost management; EBITDA was positively impacted by a $32.5 mln arbitration award related to the Chinchero concession in Peru, per company
Company press release: ID:nBwwJY8sa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $545.40 mln | $488.37 mln (4 Analysts) |
Q4 Adjusted EBITDA | Beat | $215 mln | $185.006 mln (4 Analysts) |
Q4 Operating Income | Miss | $128 mln | $143.36 mln (4 Analysts) |
Q4 Adjusted EBITDA Margin | 39.40% | ||
Q4 Operating Margin | 23.50% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the airport operators & services peer group is "buy"
Wall Street's median 12-month price target for Corporacion America Airports SA is $31.00, about 24.3% above its March 16 closing price of $24.93
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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