Will Methanex (MEOH) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Methanex (MEOH) is positioned well to continue its trend of beating earnings estimates, with a strong history of surprises in recent quarters [1][5]. Earnings Performance - In the last reported quarter, Methanex achieved earnings of $1.24 per share, surpassing the Zacks Consensus Estimate of $1.01 per share, resulting in a surprise of 22.77% [2]. - In the previous quarter, the company was expected to earn $0.44 per share but delivered $1.21 per share, leading to a significant surprise of 175% [2]. Earnings Estimates and Predictions - Methanex has a positive Earnings ESP (Expected Surprise Prediction) of +4.74%, indicating that analysts have recently become more optimistic about the company's earnings prospects [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat in the upcoming report [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].