Fomento Economico Mexicano, S.A.B. de C.V. FMX or FEMSA is slated to report third-quarter 2021 earnings on Oct 28. The company is likely to register top and bottom-line growth when it reports quarterly results. The Zacks Consensus Estimate for its third-quarter earnings of 88 cents per share suggests 114.6% growth from the year-ago quarter’s reported figure. The consensus mark has moved up 33.3% in the past seven days.The consensus mark for quarterly revenues is pegged at $6.79 billion, indicating growth of 18.4% from that reported in the year-ago quarter. In the last reported quarter, the company delivered a negative earnings surprise of 54.3%.Fomento Economico Mexicano S.A.B. de C.V. Price and EPS Surprise Fomento Economico Mexicano S.A.B. de C.V. price-eps-surprise | Fomento Economico Mexicano S.A.B. de C.V. QuoteFactors at PlayFEMSA has been witnessing momentum, owing to improved consumption patterns and strong business momentum, resulting from the easing of restrictions across most markets. The company has been benefiting from increased demand for all products categories, including thirst, hunger and the occasional treat, which is likely to have aided growth across all segments in the to-be-reported quarter.The company’s digital initiatives and business expansion endeavors have been on track. Its focus on offering customers more options to make contactless purchases by intensifying digital and technology-driven initiatives across operations has been aiding the digital performance. The company’s Coca-Cola FEMSA has been leading the way with its omni-channel business, while FEMSA Comercio has been progressing with the adoption of digital initiatives. Within its OXXO store chains, the company is anticipated to have witnessed gains from investments in digital offerings, loyalty programs and fintech platforms.The company is also expected to have benefitted from growth via its acquisition strategy. It has been on track to expand in the U.S. specialized distribution industry through the acquisitions of two businesses. The acquisitions are expected to have contributed to the top line in the to-be-reported quarter.However, we cannot ignore the headwinds arising from supply-chain disruptions and the rise in COVID-19 Delta cases in many markets. The uneven trends across markets are likely to have continued hurting the company’s earnings in the third quarter. Escalating industry-wide freight costs and an increase in other input costs are also expected to have weighed on the third-quarter performance.What the Zacks Model UnveilsOur proven model does not conclusively predict an earnings beat for FEMSA this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.FEMSA has a Zacks Rank #3 and an Earnings ESP of 0.00%.Stocks Likely to Deliver Earnings BeatHere are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:The Coca-Cola Company KO currently has an Earnings ESP of +0.75% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.Corteva, Inc. CTVA has an Earnings ESP of +7.89% and a Zacks Rank #3 at present.The Estee Lauder Companies Inc. EL currently has an Earnings ESP of +0.24% and a Zacks Rank #3. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 CocaCola Company The (KO): Free Stock Analysis Report Fomento Economico Mexicano S.A.B. de C.V. (FMX): Free Stock Analysis Report The Estee Lauder Companies Inc. (EL): Free Stock Analysis Report Corteva, Inc. (CTVA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research