Fomento Economico Mexicano SAB de CV reports results for the quarter ended December 31 - Earnings Summary

• Fomento Economico Mexicano SAB de CV FMX.N reported quarterly adjusted earnings of $1.53​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.59. The mean expectation of five analysts for the quarter was for earnings of $1.58 per share. Wall Street expected results to range from 99 cents to $1.17 per share.

• Revenue fell 5.7% to $10.38 billion from a year ago; analysts expected $9.85 billion.

• Fomento Economico Mexicano SAB de CV's reported EPS for the quarter was $1.53​.

• The company reported quarterly net income of $546.22 million.

• Fomento Economico Mexicano SAB de CV shares had risen by 5.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the food retail & distribution peer group is also "buy"

Wall Street's median 12-month price target for Fomento Economico Mexicano SAB de CV is $121.00

This summary was machine generated from LSEG data February 27 at 03:10 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)