Methanex Corp expected to post earnings of 42 cents a share - Earnings Preview

Methanex

23/04/2024 24:27

* Methanex Corp  MX.TO   is expected to show a fall in
quarterly
revenue when it reports  results on April 24 (estimated) for the
period ending March 31 2024
    * The Vancouver British Columbia-based  company is expected
to
report a 18.5% decrease in revenue to $845.625 million from
$1.04 billion a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Methanex Corp is for
earnings
of 42 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
$56.00​, below​ its last closing price of C$65.37. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.36        0.32       0.52      Beat    63.7
 Sep. 30 2023  -0.07       -0.07      0.02      Beat    127.9
 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.        0.46        0.51       0.73      Beat    41.9
 31 2022                                                
 Sep. 30 2022  0.65        0.66       0.69      Beat    4.7​
 Jun. 30 2022  1.47        1.57       1.16      Missed  -26
 Mar. 31 2022  2.01        2.01       2.16      Beat    7.4
 This summary was machine generated April 22 at 23:27 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)