Methanex (MEOH) Soars 17.1%: Is Further Upside Left in the Stock?

Company Overview - Methanex (MEOH) shares increased by 17.1% to close at $30.29, following a significant trading volume compared to typical sessions, despite a 29.2% loss over the past four weeks [1] - The company is expected to report quarterly earnings of $1.28 per share, reflecting a year-over-year increase of 96.9%, with revenues projected at $1.04 billion, up 13.6% from the previous year [2] Earnings Estimates - The consensus EPS estimate for Methanex has been revised down by 20.2% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [3] - In contrast, Innospec (IOSP), another company in the same industry, has an unchanged EPS estimate of $1.39, representing a 20.6% decrease from the previous year [4] Industry Context - Methanex is part of the Zacks Chemical - Diversified industry, which has seen a rally in material stocks following President Trump's announcement of a 90-day pause on reciprocal tariffs for most nations [1] - Innospec, also in the same industry, experienced a 7.8% increase in its stock price, closing at $89.88, but has returned -16.5% over the past month [3]