Analyst Consensus ?
ConsensusHold15 ratings
Bullish853.4%
Neutral533.3%
Bearish213.3%
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. · PAC · FY2024 Q3 · Calendar Q4 2024
GAP balances traffic pressure with commercial and cargo growth
The supplied analysis supports a balanced view: commercial diversification, cargo consolidation and capacity investment provide growth avenues, but the thesis depends on traffic recovery, tariff execution and sustained cargo performance.
Reported Before market openNYSEIndustrials
$11.55B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.08
Consensus $2.50
EPS surprise
-16.8%
Reported versus consensus
Reported revenue
$427.1M
Consensus $387.8M
Revenue surprise
+10.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.7%
Event window
SPY move
-0.2%
Same window
Abnormal move
+0.9%
Stock minus SPY
Volume
1.0×
Versus trailing sessions
Subsequent drift
+7.0%
Up to 20 sessions
PACSPY benchmark
Ask FN2 about PAC FY2024 Q3
Transcript, numbers and history already loaded
Why did PAC rise 0.7% after missing EPS estimates in FY2024 Q3?What changed in PAC's guidance and outlook in FY2024 Q3?Give me the bull and bear case for PAC after FY2024 Q3 earnings.
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Transcript intelligence
What changed
Relative to the prior-quarter analysis, the current quarter showed deeper passenger-traffic pressure but stronger evidence of diversification: non-aeronautical revenue growth was supported by cargo-facility consolidation, while management advanced a larger terminal-focused capex plan and maintained its guidance stance.
Guidance delta
Management maintained its guidance stance, with the supplied analysis citing approximately 5% traffic growth for 2025 and full tariff implementation by 2026.
Key takeaways
- Passenger traffic declined 5.7% as Pratt & Whitney engine inspections constrained capacity.
- Non-aeronautical revenue grew 39%, supported by cargo-facility consolidation and commercial diversification.
- Management highlighted terminal expansion and a MXN43.2 billion 2025–2029 capex plan.
- The key tension is whether commercial and cargo growth can offset traffic and aeronautical-revenue pressure.
Management priorities
- Execute the 2025–2029 Master Development Plan and terminal expansion.
- Develop cargo logistics platforms and capture GWTC synergies.
- Expand retail, food and beverage, car-rental and VIP-lounge activities.
- Implement the new tariff methodology and maintain strategic airline and commercial partnerships.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$222.42Previous close
$135Low
$211.25Average
$285High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 26, 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 |
|---|---|---|---|---|
| HSBC | Buy | Hold | Upgrade | Oct 5, 2026 |
| Morgan Stanley | Equal Weight | Underweight | Upgrade | Aug 5, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Aug 4, 2026 |
| Citigroup | Buy | Neutral | Upgrade | Jul 20, 2026 |
| Banco Bradesco BBI S.A | Outperform | Neutral | Upgrade | May 5, 2026 |
| B of A Securities | Buy | Underperform | Upgrade | Dec 11, 2025 |
| Scotiabank | Sector Perform | Sector Outperform | Downgrade | Dec 4, 2025 |
| JP Morgan | Overweight | Neutral | Upgrade | Nov 14, 2025 |
| Jefferies | Hold | Underperform | Upgrade | Feb 12, 2025 |
| Barclays | Equal Weight | Overweight | Downgrade | Jan 21, 2025 |
| UBS | Buy | Neutral | Upgrade | Nov 26, 2024 |
| Bank of America | Underperform | Neutral | Downgrade | Jun 2, 2016 |
| Scotia Howard Weil | Sector Perform | Outperform | Downgrade | Nov 2, 2015 |
| Credit Suisse | Outperform | Neutral | Upgrade | Jul 26, 2013 |
| Itau BBA | Underperform | Outperform | Downgrade | Nov 1, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $222.42. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| HSBC | Analyst unavailable | $277 | $200.9 | +24.5% | Oct 5, 2026 |
| Morgan Stanley | Jens Spiess | $225 | $220.7 | +1.2% | Aug 5, 2026 |
| Goldman Sachs | Analyst unavailable | $275 | $218.14 | +23.6% | Aug 4, 2026 |
| Bradesco | Rodolfo Ramos | $285 | $246.27 | +28.1% | May 5, 2026 |
| Bradesco | Rodolfo Ramos | $260 | $262.45 | +16.9% | Jan 5, 2026 |
| Citigroup | Stephen Trent | $206 | $173.07 | -7.4% | Oct 14, 2024 |
| Scotiabank | Sector Perform | $185 | $184.83 | -16.8% | Sep 25, 2024 |
| Bank of America Securities | Carlos Peyrelongue | $174.5 | $171.69 | -21.5% | Aug 28, 2024 |
| Bradesco | Rodolfo Ramos | $210 | $156.89 | -5.6% | Aug 28, 2024 |
| Goldman Sachs | Bruno Amorim | $175 | $154.65 | -21.3% | Jan 25, 2024 |
| Bradesco | Rodolfo Ramos Cevallos | $135 | $114.05 | -39.3% | Oct 31, 2023 |
| HSBC | Cenk Orcan | $175 | $147.47 | -21.3% | Aug 25, 2022 |
Track every rating change on PAC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationGrupo Aeroportuario del Pacífico, S.A.B. de C.V., through its subsidiaries, is dedicated to the comprehensive management, operation, and development of airports, predominantly situated in Mexico's Pacific region. The company oversees a network of twelve airports, encompassing key locations such as Guadalajara, Puerto Vallarta, Tijuana, San José del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes. Established in 1998, its corporate headquarters are located in Guadalajara, Mexico.
Historical context
All PAC earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FIX Comfort Systems USA, Inc. | FY2026 Q3 · Calendar Q4 2026 | +8.2% | -8.5% | Comfort Systems USA: Strong Growth, Record Backlog, Margin Watchpoints |
| BE Bloom Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | +36.0% | -8.7% | Bloom Energy Raises Outlook as AI Power Demand Drives Expansion |
| SNA Snap-on Incorporated | FY2026 Q3 · Calendar Q4 2026 | -5.9% | -3.4% | Snap-on: C&I strength offsets organic sales pressure in Q3 |
| HON Honeywell International Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +1.7% | Honeywell Raises 2026 Outlook as Backlog and Forge Support Growth |
| LMT Lockheed Martin Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.0% | +7.0% | Lockheed Martin: backlog and guidance rise, with execution risks |
| NSC Norfolk Southern Corporation | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +3.1% | Norfolk Southern posts strong Q3 as capex outlook rises |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the PAC recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-26T10:30:42.135231+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T10:30:42.132460+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 2026-10-26. For educational purposes only; not investment advice.