ASUR misses Q3 EPS estimates as revenue jumps 28%; Vesta meets forecasts

what happened

Grupo Aeroportuario del Sureste (ASUR) reported adjusted earnings of $4.17 per share for the quarter ended September 30, up from $3.79 a year earlier but below the $4.28 mean forecast of two analysts. Revenue rose 28.2% to $603.73 million, compared with the $492.82 million analysts had expected. The shares gained 7.5% over the quarter and are down 21.8% so far this year.

Vesta Real Estate Corporation reported adjusted earnings of 4 cents per share for the same period, in line with the forecast of five analysts. Revenue increased 9.9% to $79.56 million against the $79.28 million expected. Net income came in at $110.64 million. The stock rose 15.1% over the quarter and 21.4% year to date.

The figures come from an automated Earnings Summary report based on LSEG data.

why it matters

The two reports point in different directions: ASUR's revenue beat expectations sharply, but its per-share profit fell short, while Vesta landed close to consensus with more modest revenue growth. Analysts' average earnings estimates for both companies fell over the past three months, a detail investors tracking Mexican equities will watch.

tags

instruments