FEMSA to Report Q1 Earnings: What's in the Offing?

FEMSA 报告第一季度收益:发生了什么?

2019-04-24 20:44:12 Zacks

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Fomento Economico Mexicano, S.A.B. de C.V. FMX or FEMSA is slated to report first-quarter 2019 results on Apr 29.The company has a dismal earnings surprise trend, having missed estimates in seven of the trailing 10 quarters. Also, it witnessed average four-quarter negative earnings surprise of 34%. Further, sales missed estimates in fourth-quarter 2018, which marked a sales lag after two straight quarters of recording a beat. Fomento Economico Mexicano S.A.B. de C.V. Price and EPS Surprise Fomento Economico Mexicano S.A.B. de C.V. Price and EPS Surprise | Fomento Economico Mexicano S.A.B. de C.V. Quote Factors Likely to Impact Q1FEMSA has been delivering soft operating margins over the past few quarters. Declines in the margins at Coca-Cola FEMSA and FEMSA Comercio’s Fuel Division mainly hurt operating margin in fourth-quarter 2018. Notably, margins at the Fuel division were impacted by higher wages, provisions associated with some profitable institutional clients, increased marketing efforts, and escalated remodeling and installation expenses. Persistence of these headwinds may continue to impact margins in the first quarter of 2019.Although operating margin at Proximity Division remained flat in the fourth quarter, management expects the segment’s margins to remain slightly pressurized in 2019 due to the acceleration in store-growth efforts in South America.Additionally, FEMSA remains prone to rising raw material costs that have plagued the beverage industry. Higher tariff on steel and aluminum by the Trump administration has led to an increase in costs for producing cans and packaging, which can deter the company’s top line and margins. Further, escalating industry-wide freight costs and increase in other input costs, which is impacting the bottling system and some of the finished products, is concerning investors. This may impact the company’s top and bottom-line performances in the to-be-reported quarter.The company earlier notified about macroeconomic uncertainty that is likely to prevail in many of the markets, including Mexico and Brazil in the months ahead.Nevertheless, FEMSA’s efforts to expand the store base, diversify the business portfolio and focus on the core business activities might offset some of the declines due to aforementioned headwinds. The company has been taking actions to diversify the product portfolio while expanding the small-box retail segment, particularly across Latin America. This should boost top-line performance in the to-be-reported quarter.What the Zacks Model UnveilsOur proven model does not conclusively show that FEMSA is likely to beat estimates this quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.FEMSA currently has a Zacks Rank #5 (Strong Sell) and an Earnings ESP of 0.00%. The company’s negative Rank and Earnings ESP of 0.00% makes surprise prediction impossible.We caution against stocks with a Zacks Ranks #4 (Sell) or 5 going into an earnings announcement, especially when the company is seeing a negative estimate revision.Stocks Likely to Deliver Earnings BeatHere are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:The Estee Lauder Companies Inc. EL has an Earnings ESP of +1.16% and a Zacks Rank #2. stocks here.Amazon.com, Inc. AMZN has an Earnings ESP of +10.65% and a Zacks Rank of 2.Altria Group, Inc. MO has an Earnings ESP of +0.27% and a Zacks Rank #3.Will you retire a millionaire?One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”Click to get it free >>
墨西哥 Fomento Economco Mexicano , S.A.B . de C.V . FMX 或 FEMSA 将于4月29日公布2019年第一季度业绩。在过去10个季度中的7个季度中,该公司的盈利意外趋势令人失望。此外,该公司的平均四季度盈利为34%,令人意外。此外,2018年第四季度的销售未达到预期,这标志着连续两个季度录得节拍后的销售滞后。 Fomento Economico Mexicano S.A.B . de C.V .价格和 EPS 盈余 Fomento Economico Mexicano S.A.B . de C.V .价格和 EPS 超额| Fomento Economico Mexicano S.A.B . de C.V .报价 影响 QFEMSA 的因素在过去几个季度中一直在提供较低的营业利润。可口可乐 FEMSA 和 FEMSA Comercio 燃料部门利润率的下降主要影响2018年第四季度的营业利润率。值得注意的是,燃料部门的利润受到较高的工资、与一些盈利的机构客户相关的拨备、加大市场营销力度以及不断升级的改造和安装费用的影响。这些逆风的持续存在可能会继续影响2019年第一季度的利润率。尽管近毒部的营业利润率在第四季度保持不变,但管理层预计,由于南美的门店增长努力加快,该部门的利润率在2019年仍将略有承压。此外, FEMSA 仍然倾向于增加原材料成本,困扰饮料行业。特朗普政府提高了对钢铁和铝的关税,导致生产罐头和包装的成本上升,这可能会阻止该公司的利润和利润。此外,全行业运费的不断上涨和其他投入成本的增加正在影响到装瓶系统和一些成品,这涉及到投资者。这可能会影响该公司在即将报告的季度的最高和最低业绩。该公司早些时候就宏观经济不确定性发出了通知,这种不确定性很可能在未来几个月在许多市场占据主导地位,包括墨西哥和巴西。尽管如此, FEMSA 为扩大门店基础、实现业务组合多样化以及专注于核心业务活动所做的努力,可能会抵消上述不利因素导致的部分下降。该公司一直在采取行动,使产品组合多样化,同时扩大小盒子零售部分,特别是在拉丁美洲。这应该会提高即将公布的季度的业绩。Zacks 模型揭示的是我们经过验证的模型并不能最终证明 FEMSA 很可能在本季度超过预期。这是因为要实现这一点,一只股票需要同时拥有一个正收益 ESP 和一个 Zacks 排名第一(强劲购买),2(购买)或3(持有)。你可以在我们的盈余 ESP 过滤器报告之前发现最好的股票买入或卖出。FEMSA 目前拥有 Zacks 排名第5(强劲销售)和收益 ESP 0.00%。该公司的负面排名和0.00%的收益 ESP 使得意外预测成为不可能。我们对 Zacks 评级为#4( Sell )或5的公司发布盈利公告持谨慎态度,尤其是当公司预计盈利将出现负面修正时。股票可能会带来收益超过以下是一些公司,你可能想要考虑,作为我们的模型表明,这些有正确的组合因素发布的盈利超过:雅诗兰黛公司 EL 的收益 ESP +1.16%和 Zacks 排名第二。这里的股票。亚马逊。AMZN 的收益 ESP 为+10.65%, Zacks 排名为2。奥驰亚集团( AltriaGroup ), Inc.MO 的收益 ESP 为+0.27%, Zacks 排名第三。你会退休的百万富翁吗?每六个人中就有一个人退休成为百万富翁.在一份新的特别报告中,获得一些你今天可以做的聪明的小窍门,成为其中的一员,“你现在可以做的7件事,让一个百万富翁退休。”单击以获得免费>>

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