3 Stocks Improving Performance Of The Transportation Industry
- OMAB, with its decline in revenue, underperformed when compared the industry average of 9.3%. Since the same quarter one year prior, revenues slightly dropped by 5.6%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
- GRUPO AEROPORTUARIO DEL CENT's earnings per share declined by 5.4% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, GRUPO AEROPORTUARIO DEL CENT increased its bottom line by earning $1.84 versus $1.25 in the prior year. For the next year, the market is expecting a contraction of 16.3% in earnings ($1.54 versus $1.84).
- Reflecting the weaknesses we have cited, including the decline in the company's earnings per share, OMAB has underperformed the S&P 500 Index, declining 5.29% from its price level of one year ago. Looking ahead, although the push and pull of the overall market trend could certainly make a critical difference, we do not see any strong reason stemming from the company's fundamentals that would cause a continuation of last year's decline. In fact, the stock is now selling for less than others in its industry in relation to its current earnings.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Transportation Infrastructure industry. The net income has decreased by 5.5% when compared to the same quarter one year ago, dropping from $18.33 million to $17.31 million.
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