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Corporacion America Airports (CAAP)
:CAAP
RESEARCH TOOLSreports
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.49Last Year’s EPS
0.95Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 19, 2025
|% Change Since: -9.44%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with strong international passenger growth and robust financial positioning across multiple markets, such as Italy and Uruguay. However, challenges persisted with declining domestic traffic in Argentina and impacts from the Argentine peso devaluation, leading to reduced revenues and EBITDA. The company's strategic initiatives and expansions provide positive outlooks, but the negative trends in Argentina weigh on the overall performance.Company Guidance
During the Corporacion America Airports fourth quarter and year-end 2024 conference call, key guidance metrics were highlighted. Total passenger traffic declined by 1.2% year-over-year, but increased by 1.5% when excluding the Natal Airport, which was discontinued in February 2024. Argentina saw a 1.2% decline in passenger traffic, but international traffic rose by 11.3%, supported by the recovery in outbound tourism. Total revenues, excluding IFRIC12, were down by 0.6% year-over-year, with revenue per passenger improving slightly to $19.3. Adjusted EBITDA for the quarter declined by 7%, impacted by weaker domestic traffic in Argentina and lower cargo revenues. The company maintained a strong cash flow and robust financial position, with a net leverage ratio of 1.1 times. Looking forward to 2025, the company expressed cautious optimism, expecting a recovery in Argentina's domestic traffic and continued strong performance in other key markets like Italy, Uruguay, and Brazil.Record Passenger Traffic
Total passengers reached record highs in December 2024, with approximately 20 million traveling in the fourth quarter alone. International traffic in Argentina rose by 11.3% year-over-year, supported by a recovery in outbound tourism.
Strong Performance in Italy and Uruguay
In Italy, passenger traffic rose by 11%, with growth in both international and domestic travel. Uruguay saw an increase in passenger traffic by mid-single-digits, supported by new and resumed routes.
Robust Financial Position
The company maintained a strong cash flow and a robust financial position, with a net leverage ratio standing at 1.1 times at year-end, reflecting debt reductions and early redemption in Argentina and Armenia.
Cargo Volume Growth
Growth in cargo volumes accelerated to 16% year-over-year in the fourth quarter, with positive contributions from all countries of operations.
Strategic Initiatives and Expansions
The company is advancing on key projects to enhance passenger experience and boost commercial revenue growth, including expansions in Argentina and Brazil, and new facilities in Uruguay.
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CAAP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CAAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 19, 2025 | $19.28 | $17.92 | -7.05% |
| Nov 20, 2024 | $19.40 | $17.99 | -7.27% |
| Aug 21, 2024 | $15.78 | $15.11 | -4.25% |
| May 22, 2024 | $18.26 | $17.46 | -4.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Corporacion America Airports (CAAP) report earnings?
Corporacion America Airports (CAAP) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Corporacion America Airports (CAAP) earnings time?
Corporacion America Airports (CAAP) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CAAP EPS forecast?
CAAP EPS forecast for the fiscal quarter 2025 (Q1) is 0.49.
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