Profile
Sector:
Basic MaterialsIndustry:
ChemicalsCountry:
CanadaIPO:
19 May 1992Website:
http://www.methanex.comNext earnings report:
31 July 2024Last dividends:
14 June 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 17:03:28 GMTAnalysts recommendations
Institutional Ownership
MEOH Latest News
VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its 1.26 million tonne Egypt methanol production facility (Methanex 50% equity interest of 0.63 million tonnes per annum) was temporarily idled this morning as lower gas supply and increased seasonal demand for power generation has led to gas curtailments to industrial plants. Methanex is working closely with its partner and gas supplier to resume gas supply.
Methanex (MEOH) reported earnings 30 days ago. What's next for the stock?
Methanex Corporation's Q1 2024 Earnings Conference Call is scheduled for April 25, 2024 at 11:00 AM ET. Present on the call will be Sarah Herriott, Director of Investor Relations, and Rich Sumner, President & CEO. Other participants include Joshua Spector, Joel Jackson, Hassan Ahmed, Steve Hansen, Matthew Blair, and Nelson Ng. The conference operator for the call is Kathleen.
Methanex's (MEOH) Adjusted EBITDA in Q1 is negatively impacted by decreased year-over-year average realized prices.
While the revenue and EPS figures for Methanex (MEOH) offer insights into its performance in the quarter ending March 2024, it could be beneficial to examine how certain important metrics stack up against Wall Street forecasts and figures from the same period last year.
Methanex (MEOH) reported quarterly earnings of $0.65 per share, surpassing the Zacks Consensus Estimate of $0.30 per share. In the same quarter last year, earnings were $1.11 per share.
Methanex's strong operational performance and advancements in strategic projects, such as Geismar 3, are driving its stock to record levels.
Methanex (MEOH) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Methanex (MEOH) estimates that the total capital cost will not considerably exceed the higher end of the $1.3 billion capital cost guidance.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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What type of business is Methanex?
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.
What sector is Methanex in?
Methanex is in the Basic Materials sector
What industry is Methanex in?
Methanex is in the Chemicals industry
What country is Methanex from?
Methanex is headquartered in Canada
When did Methanex go public?
Methanex initial public offering (IPO) was on 19 May 1992
What is Methanex website?
https://www.methanex.com
Is Methanex in the S&P 500?
No, Methanex is not included in the S&P 500 index
Is Methanex in the NASDAQ 100?
No, Methanex is not included in the NASDAQ 100 index
Is Methanex in the Dow Jones?
No, Methanex is not included in the Dow Jones index
When does Methanex report earnings?
The next expected earnings date for Methanex is 31 July 2024