Analyst Consensus ?
ConsensusHold4 ratings
Bullish00.0%
Neutral4100.0%
Bearish00.0%
Ferrovial N.V. · FER · FY2025 Q3 · Calendar Q4 2025
Ferrovial’s North American roads lead, while JFK and traffic risks remain
The supplied analysis presents a constructive but execution-dependent picture: North American highways and the 407 ETR were strong, while the New Terminal One schedule, traffic exposure and construction competition remain important counterweights.
Reported Before market openNASDAQIndustrials
$39.87B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus —
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $2.46B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.7%
Event window
SPY move
+1.2%
Same window
Abnormal move
-0.5%
Stock minus SPY
Volume
0.8×
Versus trailing sessions
Subsequent drift
+0.2%
Up to 20 sessions
FERSPY benchmark
Ask FN2 about FER FY2025 Q3
Transcript, numbers and history already loaded
What drove FER's +0.7% move after FY2025 Q3 earnings?What changed in FER's guidance and outlook in FY2025 Q3?Give me the bull and bear case for FER after FY2025 Q3 earnings.
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Transcript intelligence
What changed
The Q3 analysis adds further 407 ETR stake acquisition and New Terminal One investment to a story centered on strong North American highway performance. It also flags possible timing and traffic risks, rather than presenting an unqualified outlook.
Guidance delta
The transcript analysis characterizes guidance sentiment as maintained; it does not supply specific guidance figures or a quantified revision.
Key takeaways
- North American highway concessions and the 407 ETR were the primary operating strengths in the supplied analysis.
- Construction backlog and a pipeline of U.S. express-lane bids support the project opportunity set, though outcomes remain uncertain.
- Investment in New Terminal One and a further 407 ETR stake increase highlight capital commitments alongside the growth case.
- The supplied event facts do not include actual EPS or revenue figures; the page should not imply a reported beat or miss.
Management priorities
- Advance New Terminal One toward its planned opening, as described in the supplied analysis.
- Continue developing U.S. express-lane opportunities through planned bids.
- Maintain investment in the 407 ETR and pursue further asset opportunities.
- Support shareholder returns and expand construction capabilities, including data-center work.
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Analyst 52W Price Targets
$55.29Current
$70.93Low
$70.93Average
$70.93High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Overweight | Downgrade | Oct 6, 2026 |
| UBS | Neutral | Buy | Downgrade | Aug 26, 2026 |
| Citigroup | Neutral | Buy | Downgrade | May 27, 2026 |
| Jefferies | Hold | Buy | Downgrade | Mar 9, 2026 |
Named analyst price targets
Upside is calculated against the persisted current price $55.29. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Analyst unavailable | $70.93 | $66.16 | +28.3% | Mar 8, 2026 |
Track every rating change on FER the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFerrovial SE, a global entity operating through its various subsidiaries, specializes in the entire lifecycle management of transport infrastructure and urban services, encompassing their design, construction, financing, operation, and ongoing maintenance. Its diverse operations are organized into four primary divisions: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. In the Construction division, the firm undertakes the planning and execution of a wide array of public and private projects, notably including public infrastructure development.…
Historical context
All FER earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GD General Dynamics Corporation | FY2026 Q3 · Calendar Q4 2026 | +9.0% | +0.5% | General Dynamics raises outlook as orders and backlog surge |
| RBC RBC Bearings Incorporated | FY2027 Q2 · Calendar Q4 2026 | +5.9% | -6.8% | RBC Bearings: Strong Q2, capacity investment supports second half |
| CNI Canadian National Railway Company | FY2026 Q3 · Calendar Q4 2026 | +3.4% | -0.3% | CN posts strong Q3, maintains EPS outlook and expands Mexico strategy |
| NVT nVent Electric plc | FY2026 Q3 · Calendar Q4 2026 | +8.6% | -8.8% | nVent raises outlook as data-center demand and Maverick broaden growth |
| MTZ MasTec, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.3% | +0.8% | MasTec posts record Q3 as power and data-center demand accelerates |
| IR Ingersoll Rand Inc. | FY2026 Q3 · Calendar Q4 2026 | +18.5% | +0.2% | Ingersoll Rand raises FY2026 outlook as orders accelerate |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T03:00:46.717929+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T03:00:46.706870+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.