Earnings Estimates Moving Higher for Methanex (MEOH): Time to Buy?

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]