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

Methanex

26/07/2023 23:45

* Methanex Corp  MX.TO  reported quarterly adjusted earnings
of 60
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of 58 cents per share.
    * Revenue fell 17.4% to $939.00 million from a year ago;
analysts
expected $887.74 million. 
    * Methanex Corp's reported EPS for the quarter was 73
cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Methanex Corp shares had risen by 9.0% this quarter and
gained 16.4% so far this year.
    * The company reported quarterly net income of $57 million.
    * Wall Street's median 12-month price target for Methanex
Corp is
$50.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 10:44 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.58           0.60           Beat
 Mar. 31 2023      1.02           1.11           Beat
 Dec. 31 2022      0.51           0.73           Beat
 Sep. 30 2022      0.66           0.69           Beat