Fomento Economico Mexicano SAB de CV reports results for the quarter ended September 30 - Earnings Summary

• Fomento Economico Mexicano SAB de CV reported quarterly adjusted earnings of $1.81​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of five analysts for the quarter was for earnings of $1.16 per share. Wall Street expected results to range from $1.06 to $1.25 per share.

• Revenue rose 18.4% to $13.65 billion from a year ago; analysts expected $13.12 billion.

• Fomento Economico Mexicano SAB de CV's reported EPS for the quarter was $1.81​.

• The company reported quarterly net income of $612.34 million.

• Fomento Economico Mexicano SAB de CV shares had risen by 4.8% this quarter and gained 22.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.8% 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 6 "strong buy" or "buy," 4 "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 $136.50, about 9% above its last closing price of $124.26

This summary was machine generated from LSEG data October 28 at 03:01 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)