Methanex MEOH is set to give its latest quarterly earnings report on Wednesday, 2024-11-06. Here's what investors need to know before the announcement.
Analysts estimate that Methanex will report an earnings per share (EPS) of $0.57.
Anticipation surrounds Methanex's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Earnings Track Record
During the last quarter, the company reported an EPS beat by $0.07, leading to a 4.09% increase in the share price on the subsequent day.
Here's a look at Methanex's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.55 | 0.39 | 0.32 | -0.05 |
| EPS Actual | 0.62 | 0.65 | 0.52 | 0.02 |
| Price Change % | 4.0% | 0.0% | 4.0% | 5.0% |
Stock Performance
Shares of Methanex were trading at $39.19 as of November 04. Over the last 52-week period, shares are down 4.7%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Methanex visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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