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

Methanex

02/02/2023 23:37

* Methanex Corp  MX.TO  reported quarterly adjusted earnings
of 73
cents​​ per share for the quarter ended in December. The mean
expectation of seven analysts for the quarter was for earnings
of 51 cents per share.
    * Revenue fell 21.3% to $986.12 million from a year ago;
analysts
expected $964.62 million. 
    * Methanex Corp's reported EPS for the quarter was 59
cents​.
    * The mean earnings estimate of analysts had fallen by
about 25.9%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * Methanex Corp shares had risen by 27.2% this quarter.
    * The company reported quarterly net income of $41.03
million.
    * Wall Street's median 12-month price target for Methanex
Corp is
$47.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
2 at 11:37 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.51           0.73           Beat
 Sep. 30 2022      0.66           0.69           Beat
 Jun. 30 2022      1.57           1.16           Missed
 Mar. 31 2022      2.01           2.16           Beat