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, ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...

Core Insights - Methanex Corporation reported third-quarter 2024 adjusted earnings of $1.21 per share, significantly up from 2 cents in the same quarter last year, and exceeded the Zacks Consensus Estimate of 44 cents [1] - Revenues increased by approximately 13.6% year over year to $935 million, surpassing the Zacks Consensus Estimate of $920.1 million [1] - Adjusted EBITDA rose 105.7% year over year to $216 million in the reported quarter [1] Operational Highlights - Production for the quarter was 1,347,000 tons, down about 12.8% year over year [2] - Total sales volume in the third quarter was 2,623,000 tons, lower than the previous year's figure of 2,720,000 tons, and missed the estimate of 2,629,000 tons [2] - The average realized price for methanol was $356 per ton, an increase from $303 in the prior-year quarter, but below the estimate of $360 per ton [2] Financials - Cash flow from operating activities was $210 million [3] - The company paid out $12.5 million in regular dividends to shareholders [3] - Methanex concluded the third quarter with $511 million in cash [3] Outlook - Methanex's production projection for the fourth quarter is approximately 1.9 million tons, which will be sold in the fourth quarter and the first quarter of 2025 [4] - The company expects adjusted EBITDA to remain flat sequentially, with higher produced sales and a higher average realized price offset by lower New Zealand gas sales and no benefit from Egypt's insurance recovery [5] - Based on pricing stated in October and November, Methanex anticipates its average realized price range will be $365-$375 per ton for these months [5] Stock Performance - Shares of Methanex have gained 0.1% over the past year, compared to a 7.9% rise in the industry [6]

Methanex (MEOH) reported $935 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 13.6%. EPS of $1.21 for the same period compares to $0.02 a year ago.The reported revenue represents a surprise of +1.62% over the Zacks Consensus Estimate of $920.1 million. With the consensus EPS estimate being $0.44, the EPS surprise was +175.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Methanex (MEOH) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 175%. A quarter ago, it was expected that this methanol supplier would post earnings of $0.49 per share when it actually produced earnings of $0.62, delivering a surprise of 26.53%.Over the last four quarters, the company ...

Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $31 million and Adjusted EBITDA of $216 million in the third quarter. Our average realized price in the third quarter was $356 per tonne compared to $352 per tonne in the second quarter of 2024.Announced the signing of a definitive agreement to acquire OCI Global's international methanol business for approximately $2.05 billion, inclu ...

VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Company”) announced today the successful syndication of acquisition financing to support the earlier announced agreement to acquire OCI Global’s international methanol business (“OCI Acquisition”) for $2.05 billion. The new financing arrangements are with a syndicate of highly rated financial institutions and include: Up to $650 million in Term Loan A commitments which can be drawn upon closing of th ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Methanex (MEOH) . This company, which is in the Zacks Chemical - Diversified industry, shows potential for another earnings beat.When looking at the last two reports, this methanol supplier has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 71.60%, on average, in the last two qua ...