Methanex (MEOH) Down 7% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]
Methanex Corporation (MEOH)
Last methanex corporation earnings: 1/29 05:01 pm
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US:NASDAQ Investor Relations:
methanex.com/investor-relations
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Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Methanex due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Methanex's Q2 Earnings Beat Estimates, Sales Miss Methanex logged second-quarter 2024 adjusted earnings of 62 cents per share compared with 60 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 49 cents. Revenues declined around 2.1% year over year to $920 million in the quarter. The top line also missed the Zacks Consensus Estimate of $986.4 million. Adjusted EBITDA in the reported quarter rose 2.5% year over year to $164 million. Operational Highlights Production in the quarter totaled 1,422,000 tons, down around 14.2% year over year. The figure was below our estimate of 1,648,000 tons. Total sales volume in the second quarter was 2,
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MEOH
News
- Methanex Co. (NASDAQ: MEOH) had its price target lowered by analysts at UBS Group AG from $58.00 to $54.00. They now have a "buy" rating on the stock.MarketBeat
- Methanex Co. (NASDAQ: MEOH) had its price target lowered by analysts at Raymond James from $62.00 to $54.00. They now have an "outperform" rating on the stock.MarketBeat
- Methanex: Becoming A Methanol Giant [Seeking Alpha]Seeking Alpha
- Methanex Co. (NASDAQ: MEOH) had its price target raised by analysts at Piper Sandler from $51.00 to $68.00. They now have an "overweight" rating on the stock.MarketBeat
- Methanex Co. (NASDAQ: MEOH) was downgraded by analysts at Barclays PLC from an "overweight" rating to an "equal weight" rating. They now have a $44.00 price target on the stock, down previously from $56.00.MarketBeat
MEOH
Earnings
- 7/30/24 - Beat
MEOH
Sec Filings
- 9/9/24 - Form 6-K
- 8/26/24 - Form 6-K
- 8/13/24 - Form 6-K
- MEOH's page on the SEC website