Methanex (MEOH) Upgraded to Buy: Here's What You Should Know

Core Viewpoint - Methanex (MEOH) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Methanex suggest an improvement in the company's underlying business, likely leading to increased stock prices [5]. Recent Earnings Estimate Revisions - For the fiscal year ending December 2025, Methanex is expected to earn $4.32 per share, representing a 16.1% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Methanex has risen by 14.1% [8]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimates, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [9][10]. - Methanex's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].