Methanex Corp expected to post a loss of 7 cents a share - Earnings Preview

Methanex

24/10/2023 03:14

* Methanex Corp  MX.TO   is expected to show a fall in
quarterly
revenue when it reports  results on October 25. 
    * The Vancouver British Columbia-based  company is expected
to
report  a 19.4% decrease in revenue to $815.305 million from
$1.01 billion a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Methanex Corp is
for a
loss of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Methanex
Corp is
$53​, below​ its last closing price of C$53.91. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.56        0.58       0.60      Beat    3.4
 Mar. 31 2023  1.00        1.02       1.11      Beat    8.8
 Dec. 31 2022  0.46        0.51       0.73      Beat    41.9​
 Sep. 30 2022  0.65        0.66       0.69      Beat    4.7
 ​​Jun.        1.47        1.57       1.16      Missed  -26
 30 2022                                                
 Mar. 31 2022  2.01        2.01       2.16      Beat    7.4​
 Dec. 31 2021  2.43        2.42       2.43      Beat    0.5
 Sep. 30 2021  1.35        1.27       1.29      Beat    1.5
 This summary was machine generated October 24 at 02:14 GMT.  All
figures in US dollars  unless otherwise stated