Methanex Corp reports results for the quarter ended December 31 - Earnings Summary

Methanex

30/01/2025 12:58

* Methanex Corp  MX.TO  reported quarterly adjusted earnings
of
$1.24​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of 52
cents.  The mean expectation of eight analysts for the quarter
was for earnings of $1.08 per share. Wall Street expected
results to range from 81 cents to $1.31 per share.
    * Revenue rose 2.9% to $948.96 million from a year ago;
analysts
expected $1.00 billion. 
    * Methanex Corp's reported EPS for the quarter was 67
cents​.
    * The company reported quarterly net income of $45.07
million.
    * Methanex Corp shares had risen by 0.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Methanex Corp is
$60.00 
This summary was machine generated from LSEG data January 30 at
12:58 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.08           1.24           Beat
 Sep. 30 2024      0.53           1.21           Beat
 Jun. 30 2024      0.50           0.62           Beat
 Mar. 31 2024      0.42           0.65           Beat