Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) released its earnings results on Tuesday. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05), Zacks reports. The company had revenue of $14.42 billion during the quarter, compared to analyst estimates of $13.83 billion.

Wal-Mart de Mexico SAB de CV Price Performance

Shares of OTCMKTS:WMMVY opened at $26.12 on Wednesday. The business has a 50-day simple moving average of $26.78 and a two-hundred day simple moving average of $30.07. 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.

Analyst Ratings Changes

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

About Wal-Mart de Mexico SAB de CV

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.