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

Methanex

31/01/2024 23:37

* Methanex Corp  MX.TO  reported quarterly adjusted earnings
of 52
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 73
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 32 cents per share. Wall Street expected
results to range from 5 cents to 53 cents per share.
    * Revenue fell 6.5% to $922.42 million from a year ago;
analysts
expected $867.39 million. 
    * Methanex Corp's reported EPS for the quarter was 50
cents​.
    * The company reported quarterly net income of $33.49
million.
    * Methanex Corp shares had fallen by 2.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the commodity
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Methanex Corp is
$56.00 
This summary was machine generated from LSEG data January 31 at
11:37 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 2023      0.32           0.52           Beat
 Sep. 30 2023      -0.07          0.02           Beat
 Jun. 30 2023      0.58           0.60           Beat
 Mar. 31 2023      1.02           1.11           Beat