Analyst Consensus ?
ConsensusHold15 ratings
Bullish853.4%
Neutral533.3%
Bearish213.3%
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. · PAC · FY2025 Q4 · Calendar Q1 2026
GAP: Strong revenue growth offsets hurricane-related traffic pressure
The current analysis supports a resilient operating narrative: strong aeronautical and non-aeronautical revenue growth and a roughly 65% EBITDA margin offset hurricane-related traffic weakness. The next-year case depends on tariff execution, CBX integration, recovery in Jamaica, and disciplined expansion; the supplied scorecard also shows results below consensus, so the thesis is constructive but not without execution and valuation risk.
Reported After market closeNYSEIndustrials
$11.29B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.97
Consensus $3.13
EPS surprise
-37.1%
Reported versus consensus
Reported revenue
$574.1M
Consensus $584.7M
Revenue surprise
-1.8%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-5.3%
Event window
SPY move
+0.7%
Same window
Abnormal move
-6.0%
Stock minus SPY
Volume
4.1×
Versus trailing sessions
Subsequent drift
-9.2%
Up to 20 sessions
PACSPY benchmark
Ask FN2 about PAC FY2025 Q4
Transcript, numbers and history already loaded
Why did PAC fall 5.3% after missing EPS estimates in FY2025 Q4?What changed in PAC's guidance and outlook in FY2025 Q4?Give me the bull and bear case for PAC after FY2025 Q4 earnings.
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, the focus shifted from new international routes and the potential Motiva Airports acquisition to hurricane-related disruption in Jamaica, the CBX business combination, and 2026 tariff implementation. Management's tone moved from cautious to confident, while guidance sentiment remained maintained.
Guidance delta
Management maintained guidance; 2026 expectations call for moderate traffic and revenue growth with solid margins.
Key takeaways
- Passenger traffic declined modestly overall as a 35% drop in Jamaica after Hurricane Melissa offset stable Mexican traffic.
- Aeronautical revenue rose 12.8% and non-aeronautical revenue rose 26.5% year over year, according to the supplied analysis.
- EBITDA grew 7.5% to MXN 5.1 billion, with the margin near 65%.
- Management highlighted CBX integration, tariff implementation, and continued terminal investment as key execution areas.
Management priorities
- Integrate the CBX business combination and pursue related synergies.
- Continue terminal expansion and capacity upgrades under the 2025–2029 Master Development Program.
- Develop commercial concessions, cargo facilities, and other accretive projects while maintaining disciplined capital allocation.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$217.41Previous close
$135Low
$211.25Average
$285High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 21, 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 $217.41. 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 | +27.4% | Oct 5, 2026 |
| Morgan Stanley | Jens Spiess | $225 | $220.7 | +3.5% | Aug 5, 2026 |
| Goldman Sachs | Analyst unavailable | $275 | $218.14 | +26.5% | Aug 4, 2026 |
| Bradesco | Rodolfo Ramos | $285 | $246.27 | +31.1% | May 5, 2026 |
| Bradesco | Rodolfo Ramos | $260 | $262.45 | +19.6% | Jan 5, 2026 |
| Citigroup | Stephen Trent | $206 | $173.07 | -5.2% | Oct 14, 2024 |
| Scotiabank | Sector Perform | $185 | $184.83 | -14.9% | Sep 25, 2024 |
| Bank of America Securities | Carlos Peyrelongue | $174.5 | $171.69 | -19.7% | Aug 28, 2024 |
| Bradesco | Rodolfo Ramos | $210 | $156.89 | -3.4% | Aug 28, 2024 |
| Goldman Sachs | Bruno Amorim | $175 | $154.65 | -19.5% | Jan 25, 2024 |
| Bradesco | Rodolfo Ramos Cevallos | $135 | $114.05 | -37.9% | Oct 31, 2023 |
| HSBC | Cenk Orcan | $175 | $147.47 | -19.5% | 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 |
|---|---|---|---|---|
| RTX RTX Corporation | FY2026 Q3 · Calendar Q4 2026 | +27.0% | +0.6% | RTX Q3: Growth, backlog and raised guidance reinforce execution |
| MMM 3M Company | FY2026 Q3 · Calendar Q4 2026 | +5.0% | +5.8% | 3M Q3: Margin gains and EBO momentum support higher EPS outlook |
| NOC Northrop Grumman Corporation | FY2026 Q3 · Calendar Q4 2026 | +9.9% | +4.6% | Northrop Grumman: Strong Q3, Higher Outlook, Bigger Backlog |
| EFX Equifax Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.7% | +11.3% | Equifax raises margin outlook as mortgage revenue guidance falls |
| GE GE Aerospace | FY2026 Q3 · Calendar Q4 2026 | +11.9% | -3.7% | GE Aerospace: Strong Q3, Higher Guidance, Capacity Investment |
| SPCX Space Exploration Technologies Corp. | FY2026 Q3 · Calendar Q4 2026 | — | -0.1% | SPCX Q3 2026: Starlink and AI Compute Drive Expansion |
Latest beats and misses
Who reports nextBeat on EPS
- EWBCFY2026 Q3 · October 20, 2026+1.5% EPS+2.2% move
- COFFY2026 Q3 · October 20, 2026+21.6% EPS+0.9% move
- HALFY2026 Q3 · October 20, 2026+2.7% EPS+1.8% move
- RTXFY2026 Q3 · October 20, 2026+27.0% EPS+0.6% move
- MMMFY2026 Q3 · October 20, 2026+5.0% EPS+5.8% move
- GPCFY2026 Q3 · October 20, 2026+1.5% EPS-5.1% move
Missed on EPS
- PACFY2026 Q3 · October 20, 2026-2.2% EPS+7.1% move
- AGNCZFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCLFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
- AGNCOFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCPFY2026 Q3 · October 19, 2026-0.6% EPS0.0% move
- AGNCMFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% 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 · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-21T11:00:56.888226+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-21T11:00:56.884651+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 2026-10-21. For educational purposes only; not investment advice.