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

• Fomento Economico Mexicano SAB de CV FMX.N reported quarterly adjusted earnings of $1.23​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 97 cents. The mean expectation of four analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 52 cents to 73 cents per share.

• Revenue fell 8.6% to $9.59 billion from a year ago; analysts expected $9.65 billion.

• Fomento Economico Mexicano SAB de CV's reported EPS for the quarter was $1.23​.

• The company reported quarterly net income of $438.16 million.

• Fomento Economico Mexicano SAB de CV shares had risen by 9.0% this quarter and gained 25.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $122.00

This summary was machine generated from LSEG data April 29 at 03:20 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)