Earnings of $1.19 Expected For Methanex Corporation (NASDAQ:MEOH)

Research analysts are predicting that Methanex Corporation (NASDAQ:MEOH) will report earnings of $1.19 per share when the firm issues their quarterly report today.  This is the consensus earnings per share number according to data from Zack’s Research. 

In the most recent quarter Methanex Corporation (NASDAQ:MEOH) posted a surprise factor of N/A%. The actual number was $N/A away from the Zacks analyst consensus just prior to the actual release. A significant surprise factor can lead to stock swings in the price in the hours and days following the earnings report.

Projected Stock Movement
Research analysts covering shares of Methanex Corporation (NASDAQ:MEOH) are anticipating on a consensus basis that the stock will reach $52.888 within the next 52 weeks. Of the analysts providing short term targets, the most bullish analyst has a $67 target on the stock. On the other end, the most conservative has a short term target of $31. This is based on the 9 analysts taken into consideration by Zacks. The consensus price target was last revised on 2017-07-18.

Zacks also provides a simplified scale for analyst recommendations. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Methanex Corporation (NASDAQ:MEOH) currently has an ABR of 2.22 heading into today’s announcement. This number is also based on the 9 sell-side firms polled by Zacks.

Stock market traders will be shifting the gaze to company earnings results in the near future. Earnings season typically draws increased attention to the markets as investors look to see how their holdings have performed over the past quarter. Traders and investors might be checking in on what the sell-side analysts are projecting for earnings results. These analysts provide a guide for investors to view as the earnings date approaches. Investors who like to do their own research should be able to look at analyst estimates and compare them to what they believe the company is most likely report. Traders will be watching how the earnings reports are impacting stock prices after the release. Comparing the earnings results for companies in the same industry may help investors get a feel for how others may report down the line.

This article is informational purposes only and should not be considered a recommendation to buy or sell Methanex Corporation. 

Leave a Comment