Fomento Economico Earnings Preview

Fomento Economico (NYSE:FMX) is set to give its latest quarterly earnings report on Monday, 2024-10-28. Here's what investors need to know before the announcement.

Analysts estimate that Fomento Economico will report an earnings per share (EPS) of $1.05.

Fomento Economico bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings History Snapshot

Last quarter the company beat EPS by $0.72, which was followed by a 2.54% drop in the share price the next day.

Here's a look at Fomento Economico's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.21

1

1.61

1.4

EPS Actual

1.93

0.49

1.46

1.5

Price Change %

-3.0%

3.0%

-11.0%

2.0%

Analyst Views on Fomento Economico

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Fomento Economico.

Analysts have provided Fomento Economico with 2 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $117.0, suggesting a potential 21.19% upside.

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