Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) is reporting second quarter earnings results on Friday 24th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.32 per share.
For the full year, analysts predict revenues of $ 22732.10 million, while looking forward to income of $ 2.22 per share.
Previous Quarter Performance
Fomento Economico Mexicano S.A.B. de C.V. announced income for the first quarter of $ 0.03 per share, from the revenue of $ 6,114.00 million. The quarterly earnings reduced 90.63 percent while revenues increased 1.23 percent compared with the same quarter last year.
Wall street analysts are predicting, FMX to report 1Q20 income of $ 0.47 per share from revenue of $ 5311.59 million. The bottom line results missed street analysts by $ 0.44 or 93.62 percent, at the same time, top line results outshined analysts by $ 802.41 million or 15.11 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FMX was $ 60.54, representing a 9.28 % increase from the 52 week low of $ 55.40 and a 38.26 % decrease over the 52 week high of $ 98.05.
The company has a market capital of $ 108.31 billion and is part of the Consumer Defensive sector and Beverages – Brewers industry.
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Conference Call
Fomento Economico Mexicano S.A.B. de C.V. will be hosting a conference call at 10:00 AM eastern time on 24th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.femsa.com
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.
