Fomento Económico Mexicano, S.A.B de C.V. FMX, also known as FEMSA, is slated to report first-quarter 2016 results on Apr 28, after the market closes. Last quarter, the company delivered a negative earnings surprise of 12.9%.Additionally, the leading beverage company of Latin America delivered negative earnings surprises in three out of the last four quarters, with an average negative surprise of 6.4%. Let’s see how things are shaping up for this announcement.Factors Influencing This QuarterFEMSA is on track to drive growth through its strategic measures, which include increasing store count, diversifying business portfolio and focusing on core business activities. We believe the company is well positioned to gain from its venture in the drugstore business, as marked by its recent acquisitions in this line of business. While these factors bode well for FEMSA’s growth, the persistence of unfavorable foreign exchange rates, along with continued regulatory pressures can take a toll on its results. Also, FEMSA’s lower-than-expected earnings and weak margins in fourth-quarter 2015 pose as concerns.Earnings WhispersOur 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, 2 or 3 for this to happen. This is not the case here, as you will see below:Zacks ESP: Earnings ESP for FEMSA is currently 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 49 cents.Zacks Rank: FEMSA carries a Zacks Rank #5 (Strong Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.Stocks that Warrant a LookHere are some companies you may want to consider as our model shows these have the right combination of elements to post an earnings beat this quarter:Newell Brands Inc. NWL, scheduled to report earnings on Apr 29, has an Earnings ESP of +2.63% and a Zacks Rank #1 (Strong Buy).Church & Dwight Co. Inc. CHD, scheduled to report earnings on May 5, has an Earnings ESP of +1.19% and a Zacks Rank #2 (Buy).Kellogg Company K, scheduled to report earnings on May 5, has an Earnings ESP of +1.08% and a Zacks Rank #2.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NEWELL BRANDS (NWL): Free Stock Analysis Report FOMENTO ECO-ADR (FMX): Free Stock Analysis Report KELLOGG CO (K): Free Stock Analysis Report CHURCH & DWIGHT (CHD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research