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A Preview Of Fomento Economico's Earnings

Fomento Economico (NYSE:FMX) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here's what investors need to know before the announcement. Analysts estimate that Fomento Economico will report an earnings per share (EPS) of $0.88.

Benzinga · 07/27/2022 12:02

Fomento Economico (NYSE:FMX) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here's what investors need to know before the announcement.

Analysts estimate that Fomento Economico will report an earnings per share (EPS) of $0.88.

Fomento Economico bulls will hope to hear the company to 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).

Historical Earnings Performance

Last quarter the company missed EPS by $0.08, which was followed by a 1.17% drop in the share price the next day.

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

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.75 1.11 0.81 0.66
EPS Actual 0.67 1.33 0.81 0.73
Price Change % -1.17% -4.51% -0.8% 1.69%

eps graph

Stock Performance

Shares of Fomento Economico were trading at $59.96 as of July 26. Over the last 52-week period, shares are down 32.6%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

TO TRACK ALL EARNINGS RELEASES FOR FOMENTO ECONOMICO VISIT THEIR EARNINGS CALENDAR ON OUR SITE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.