For the quarter ended March 2024, Methanex (MEOH - Free Report) reported revenue of $916 million, down 11.8% over the same period last year. EPS came in at $0.65, compared to $1.11 in the year-ago quarter.
The reported revenue represents a surprise of +0.83% over the Zacks Consensus Estimate of $908.5 million. With the consensus EPS estimate being $0.30, the EPS surprise was +116.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Methanex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales volume in tonnes - Methanex-produced methanol: 1,681 KTon compared to the 1,507.51 KTon average estimate based on three analysts.
- Sales volume in tonnes - Purchased methanol: 807 KTon versus the three-analyst average estimate of 884.5 KTon.
- Average realized methanol price ($/tonne): 343 $/Ton versus 344.18 $/Ton estimated by three analysts on average.
- Sales volume in tonnes - Total: 2,670 KTon versus the three-analyst average estimate of 2,610.64 KTon.
- Sales volume in tonnes - Commission sales: 182 KTon versus the three-analyst average estimate of 218.63 KTon.
View all Key Company Metrics for Methanex here>>>Shares of Methanex have returned +8% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended March 2024, Methanex (MEOH - Free Report) reported revenue of $916 million, down 11.8% over the same period last year. EPS came in at $0.65, compared to $1.11 in the year-ago quarter.
The reported revenue represents a surprise of +0.83% over the Zacks Consensus Estimate of $908.5 million. With the consensus EPS estimate being $0.30, the EPS surprise was +116.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Methanex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales volume in tonnes - Methanex-produced methanol: 1,681 KTon compared to the 1,507.51 KTon average estimate based on three analysts.
- Sales volume in tonnes - Purchased methanol: 807 KTon versus the three-analyst average estimate of 884.5 KTon.
- Average realized methanol price ($/tonne): 343 $/Ton versus 344.18 $/Ton estimated by three analysts on average.
- Sales volume in tonnes - Total: 2,670 KTon versus the three-analyst average estimate of 2,610.64 KTon.
- Sales volume in tonnes - Commission sales: 182 KTon versus the three-analyst average estimate of 218.63 KTon.
View all Key Company Metrics for Methanex here>>>Shares of Methanex have returned +8% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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