Earnings Estimate Revisions - The company's earnings estimates for the next quarter and full year have seen significant upward revisions, driven by strong agreement among analysts [3] - For the current quarter, the company is expected to earn $0 94 per share, representing an 80 77% increase from the year-ago period [4] - Over the last 30 days, the Zacks Consensus Estimate for the current quarter has increased by 18 45% due to one positive estimate revision [4] - For the full year, the earnings estimate of $3 49 per share reflects a 55 11% increase from the previous year [5] - Over the past month, two estimates have been revised upward for the current year, pushing the consensus estimate 6 29% higher [5] Stock Performance and Outlook - The stock has gained 8 6% over the past four weeks, driven by strong estimate revisions and increased investor interest [7] - The improving earnings outlook suggests that the upward trend in the stock price may continue [1] - Empirical research indicates a strong correlation between earnings estimate revisions and near-term stock price movements [2] Zacks Rank and Investment Potential - The company currently holds a Zacks Rank 2 (Buy), reflecting promising estimate revisions [6] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6] - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks generating an average annual return of +25% since 2008 [3] Conclusion - The company's strong earnings estimate revisions and favorable Zacks Rank make it a potential candidate for portfolio addition [7]

Earnings Performance - Methanex has consistently surpassed earnings estimates in the last two quarters, with an average surprise of 100.77% [1] - In the most recent quarter, the company reported earnings of $1.21 per share, significantly higher than the expected $0.44 per share, representing a surprise of 175% [2] - For the previous quarter, Methanex reported earnings of $0.62 per share, beating the consensus estimate of $0.49 per share by 26.53% [2] Earnings ESP and Zacks Rank - Methanex currently has a positive Earnings ESP of +6.76%, indicating bullish sentiment among analysts regarding the company's earnings prospects [6] - The combination of a positive Earnings ESP and a Zacks Rank 2 (Buy) suggests a high likelihood of another earnings beat in the upcoming report [6] - Stocks with a positive Earnings ESP and a Zacks Rank 3 (Hold) or better have a nearly 70% chance of producing a positive earnings surprise [4] Analyst Estimates and Predictive Power - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [5] - A negative Earnings ESP reduces the predictive power of the metric but does not necessarily indicate an earnings miss [7] - It is important to check a company's Earnings ESP before its quarterly release to increase the odds of success [8]

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Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

Investors might want to bet on Methanex (MEOH) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earni ...

Methanex (MEOH) closed the last trading session at $44.42, gaining 11.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $55.82 indicates a 25.7% upside potential.The mean estimate comprises 11 short-term price targets with a standard deviation of $6.91. While the lowest estimate of $46 indicates a 3.6% increase from the current price level, the most optimistic analyst expects the ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and ...

Methanex Corporation (MEOH) recently announced that its fully-owned subsidiary, Methanex US Operations Inc., has priced a private offering of $600 million aggregate principal amount of 6.250% senior unsecured notes due 2032 that is exempt from registration under the United States Securities Act of 1933. The offering size has been increased to $600 million from the previously disclosed $500 million in aggregate principal amount of notes. The notes will be issued at 99.289% of the aggregate principal amount, ...

VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Methanex”) announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has priced an offering of US$600 million aggregate principal amount of 6.250% senior unsecured notes due 2032 (the “notes”) in a private offering (the “Offering”) exempt from the registration requirements of the United States Securities Act of 1933, as amended (the “Securities Act”). The size of the Offering was ...