Amer Movil (AMX) Misses Q3 Earnings and Revenue Estimates

Company Performance - Amer Movil reported quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.41 per share, and showing an increase from $0.04 per share a year ago, resulting in an earnings surprise of -73.17% [1] - The company posted revenues of $11.82 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.27%, and down from $11.95 billion year-over-year [1] - Over the last four quarters, Amer Movil has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [1] Stock Outlook - The immediate price movement of Amer Movil's stock will largely depend on management's commentary during the earnings call [2] - Amer Movil shares have declined approximately 11.7% since the beginning of the year, contrasting with the S&P 500's gain of 22.9% [2] Future Earnings Expectations - The current consensus EPS estimate for the upcoming quarter is $0.61 on revenues of $11.99 billion, and for the current fiscal year, it is $1.39 on revenues of $47.83 billion [4] - The estimate revisions trend for Amer Movil is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Wireless Non-US industry, to which Amer Movil belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Another company in the same industry, Millicom International Cellular SA, is expected to report quarterly earnings of $0.68 per share, reflecting a significant year-over-year change of +2366.7% [5]