Here's How FEMSA (FMX) Is Placed Ahead Of Earnings In Q4
Zacks Investment Research | Feb 23, 2020 09:13PM ET
Fomento Economico Mexicano, S.A.B. de C.V. (NYSE:FMX) or FEMSA is slated to report fourth-quarter 2019 results on Feb 27.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $1.18, implying an 11.3% decline from the year-earlier quarter's reported figure. Notably, the consensus mark has been unchanged over the past 30 days.
Key Factors to Note
FEMSA’s top line has been benefiting from growth across all segments. The FEMSA Comercio’s Proximity, Health and Fuel divisions have been witnessing gains from store openings, steady growth in Mexico, strong international operations, robust pricing and progress in the integration of Corporación GPF in Ecuador. Robust pricing, revenue-management initiatives and volume growth across regions have been aiding the performance of the Coca-Cola (NYSE:KO) FEMSA division.
The company’s growth via acquisition strategy has been reaping benefits. The recent acquisitions of minority stake in Jetro Restaurant Depot, AGV and 40% stake in Grupo Socofar as well as a joint venture with Raízen reveal its commitment to invest in the expansion of core businesses. Gains from these acquisitions are likely to get reflected in its fourth-quarter results.
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