FMX Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for FMX stock have an average target of 131.5, with a low estimate of 127 and a high estimate of 135. The average target predicts an increase of 9.24% from the current stock price of 120.38.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$127	$131.5	$134	$135
Change	+5.50%	+9.24%	+11.31%	+12.14%

* Price targets were last updated on Dec 7, 2023.

Analyst Ratings

The average analyst rating for FMX stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	2	1	1	2	2	2
Buy	2	2	2	2	2	1
Hold	2	3	4	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	7	7	7	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Carlos Laboy HSBC	HSBC	Hold → Strong Buy Upgrades n/a	Hold → Strong Buy	Upgrades	n/a	n/a	Feb 9, 2024
Rodrigo Alcantara UBS	UBS	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Jan 12, 2024
Renata Cabral Citigroup	Citigroup	Hold Initiates $134	Hold	Initiates	$134	+11.31%	Dec 7, 2023
Alejandro Fuchs Itau BBA	Itau BBA	Buy → Hold Downgrades $127	Buy → Hold	Downgrades	$127	+5.50%	Nov 7, 2023
Benjamin Theurer Barclays	Barclays	Hold → Buy Upgrades $115 → $130	Hold → Buy	Upgrades	$115 → $130	+7.99%	Oct 30, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

769.36B

from 673.20B

14.28%

from 673.20B

Revenue Next Year

807.82B

from 769.36B

5.00%

from 769.36B

EPS This Year

17.61

from 11.90

47.98%

from 11.90

EPS Next Year

10.12

from 17.61

-42.50%

from 17.61

Year	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	469.74B	506.71B	492.97B	556.26B	673.20B	769.36B	807.82B	869.91B	960.66B	1,022.21B	1,053.72B
Revenue Growth	6.78%	7.87%	-2.71%	12.84%	21.02%	14.28%	5.00%	7.69%	10.43%	6.41%	3.08%
EPS	20.40	10.30	-1.00	14.20	11.90	17.61	10.12	11.21	12.74	14.89	-
EPS Growth	-	-49.51%	-	-	-16.20%	47.98%	-42.50%	10.68%	13.66%	16.87%	-
No. Analysts	-	-	-	-	-	12	12	10	6	5	4

Financial currency is MXN. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2023	2024	2025	2026	2027	2028
High	829.8B	908.6B	949.3B	1.0T	1.2T	1.1T
Avg	769.4B	807.8B	869.9B	960.7B	1.0T	1.1T
Low	588.7B	645.8B	703.1B	886.1B	849.8B	1.0T

Revenue Growth

Revenue Growth	2023	2024	2025	2026	2027	2028
High	23.3%	18.1%	17.5%	15.7%	22.4%	5.1%
Avg	14.3%	5.0%	7.7%	10.4%	6.4%	3.1%
Low	-12.5%	-16.1%	-13.0%	1.9%	-11.5%	-1.9%

EPS Forecast

EPS	2023	2024	2025	2026	2027
High	22.64	11.95	12.52	14.32	16.06
Avg	17.61	10.12	11.21	12.74	14.89
Low	9.90	8.28	9.46	10.24	13.34

EPS Growth

EPS Growth	2023	2024	2025	2026	2027
High	90.2%	-32.1%	23.6%	27.8%	26.1%
Avg	48.0%	-42.5%	10.7%	13.7%	16.9%
Low	-16.8%	-53.0%	-6.6%	-8.6%	4.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.