Why Methanex (MEOH) is a Top Growth Stock for the Long-Term

Core Insights - Zacks Premium provides various tools and resources to help investors make informed decisions and invest confidently in the stock market [1][2] Zacks Style Scores - Zacks Style Scores are indicators designed to assist investors in selecting stocks with the highest potential to outperform the market within a 30-day timeframe [3] - Stocks are rated from A to F based on value, growth, and momentum characteristics, with A being the highest score [3] Categories of Style Scores - Value Score: Focuses on identifying undervalued stocks using ratios like P/E, PEG, and Price/Sales to highlight attractive investment opportunities [4] - Growth Score: Evaluates stocks based on projected and historical earnings, sales, and cash flow to identify those with sustainable growth potential [5] - Momentum Score: Assesses stocks based on price trends and earnings estimate changes to identify optimal entry points for investment [6] - VGM Score: A composite score that combines Value, Growth, and Momentum Scores, providing a comprehensive view of a stock's attractiveness [7] Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in building successful portfolios [8] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] Stock Selection Strategy - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential returns [10] - Stocks with lower ranks, even if they have high Style Scores, may still face declining earnings forecasts, increasing the risk of price drops [11] Company Spotlight: Methanex Corporation - Methanex Corporation is the largest supplier of methanol globally, serving markets in North America, Asia-Pacific, Europe, and Latin America [12] - Methanol is primarily used in chemical production and energy-related applications, with demand influenced by global economic activity [12] - Methanex holds a Zacks Rank of 2 (Buy) and a VGM Score of A, indicating strong growth potential with an expected year-over-year earnings growth of 8.1% for the current fiscal year [13] - Recent earnings estimates for Methanex have been revised upward, with the Zacks Consensus Estimate increasing by $0.23 to$4.02 per share [13] - The company has demonstrated an average earnings surprise of 85.2%, making it a strong candidate for growth investors [13][14]