Methanex Corp reports results for the quarter ended March 31 - Earnings Summary

• Methanex Corp MX.TO reported quarterly adjusted earnings of $1.30​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 65 cents. The mean expectation of eight analysts for the quarter was for earnings of $1.30 per share. Wall Street expected results to range from 98 cents to $1.59 per share.

• Revenue fell 2.1% to $896.47 million from a year ago; analysts expected $1.02 billion.

• The company reported quarterly net income of $111.29 million.

• Methanex Corp shares had fallen by 12.8% this quarter and lost 38.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 16.8% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Methanex Corp is $49.00

This summary was machine generated from LSEG data April 30 at 11:13 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)