Wal-Mart de Mexico SAB de CV (WMMVY) Projected to Post Quarterly Earnings on Tuesday

Key Points

• Walmex is expected to report quarterly results after Tuesday’s market close, with analysts forecasting earnings of $0.42 per share and revenue of $13.94 billion.
• In its prior quarter, the company earned $0.37 per share, beating estimates by $0.02, while revenue of $14.43 billion also exceeded expectations.
• Analyst sentiment remains cautious: HSBC downgraded the stock to “Reduce,” and the consensus rating is “Reduce” with a $42 price target.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) is anticipated to release its results after the market closes on Tuesday, October 27th. Analysts expect Wal-Mart de Mexico SAB de CV to announce earnings of $0.42 per share and revenue of $13.94 billion for the quarter.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a net margin of 4.90% and a return on equity of 21.23%. The firm had revenue of $14.43 billion during the quarter, compared to analyst estimates of $14.32 billion. On average, analysts expect Wal-Mart de Mexico SAB de CV to post $1.76 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.

Wal-Mart de Mexico SAB de CV Price Performance

Shares of OTCMKTS WMMVY opened at $27.22 on Tuesday. Wal-Mart de Mexico SAB de CV has a fifty-two week low of $24.80 and a fifty-two week high of $35.47. The firm has a market capitalization of $47.09 billion, a P/E ratio of 16.61, a P/E/G ratio of 5.81 and a beta of 0.63. The company's 50 day simple moving average is $26.92 and its 200 day simple moving average is $29.17.

Analysts Set New Price Targets

Separately, HSBC downgraded Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price target on the stock. in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $42.00.

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México, SAB. de C.V., commonly known as Walmex, is a retail company that operates Walmart's business in Mexico and Central America. The company sells groceries, fresh food, household products, apparel, electronics, appliances, health and beauty products, and other general merchandise through a variety of store formats.

Walmex operates stores under brands including Walmart, Walmart Express, Bodega Aurrera and Sam's Club. Bodega Aurrera serves value-oriented consumers, while Walmart and Walmart Express offer full-service and smaller-format shopping experiences.

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