Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) is reporting third quarter earnings results on Wednesday 28th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.75 per share.
For the full year, analysts predict revenues of $ 22772.10 million, while looking forward to income of $ 1.78 per share.
Previous Quarter Performance
Fomento Economico Mexicano S.A.B. de C.V. communicated loss for the second quarter of $ 1.42 per share, from the revenue of $ 4,913.00 million. The quarterly revenues reduced 26.80 percent compared with the same quarter last year. The consensus estimates are income of $ 0.32 per share from $ 5349.06 million in revenue. The top line results fell short of analysts by $ 436.06 million or 8.15 percent.
Stock Performance
Shares of Fomento Economico Mexicano S.A.B. de C.V. traded low $ -1.23 or -2.14 percent on Tuesday, reaching $ 56.22 with volume of 339.20 thousand shares. Fomento Economico Mexicano S.A.B. de C.V. has traded high as $ 57.46 and has cracked $ 56.10 on the downward trend
According to the previous trading day, closing price of $ 56.22, representing a 8.38 % increase from the 52 week low of $ 53.01 and a 41.41 % decrease over the 52 week high of $ 98.05.
The company has a market capital of $ 20.12 billion and is part of the Consumer Defensive sector and Beverages – Brewers industry.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized semi-annual dividend of $ 0.059 per share to holders of record as of the close of business on August 19, 2020, with payment date of August 20, 2020 and ex-dividend date on August 18, 2020.
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.
