Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR Class B Stock News

Grupo Aeroportuario del Centro Norte's Q3 results beat analyst estimates, with a 1.4% revenue rise driven by strong non-aeronautical revenues despite a decline in aeronautical revenues. Higher concession taxes are impacting margins, with adjusted operating margins decreasing from 71% to 67% and adjusted EBITDA declining by 3.8%. Despite the margin pressure, OMAB stock still has a 48% upside pot...

Shares of Grupo Aeroportuario del Centro Norte SAB de CV (OMAB, Financial) surged 3.50% in mid-day trading on Oct 2. The stock reached an intraday high of $69.78, before settling at $69.49, up from its previous close of $67.14.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. stock declined 30% due to lower traffic and Mexican peso depreciation. The company faces a flurry of challenges largely outside its control, but there are also opportunities that are likely to support earnings growth. Despite challenges, the stock offers 27% upside potential with a buy rating and a $95 price target.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q2 2024 Earnings Conference Call July 29, 2024 11:30 AM ET Company Participants Luis Emmanuel Camacho Thierry - Investor Relations Manager Ricardo Duenas Espriu - Chief Executive Officer Ruffo Perez Pliego - Chief Financial Officer Conference Call Participants Pablo Ricalde - Santander Rodolfo Ramos - Bradesco BBI Jens Spiess -...

OMA's Q2'24 results beat expectations with better than expected non-aero revenue and cost control, despite challenges in the operating environment and weaker traffic. OMA's traffic held up well compared to its peers and per-passenger non-aero revenue continues to grow nicely, as management reaps past investments into cargo and logistics assets. The traffic outlook for 2024 is not great, with Vo...

It's not been a great year for transportation stocks. The benchmark SPDR S&P Transportation ETF (NYSEARCA: XTN ) has fallen 9% over the past 12 months.