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Methanex (MEOH) closed at $39.78 within the newest buying and selling session, marking a -1.07% transfer from the prior day. This transfer lagged the S&P 500’s every day lack of 0.85%. On the similar time, the Dow misplaced 0.17%, and the tech-heavy Nasdaq misplaced 0.05%.

– Zacks

Coming into at the moment, shares of the methanol provider had misplaced 13.79% up to now month. In that very same time, the Primary Supplies sector misplaced 1.7%, whereas the S&P 500 misplaced 0.97%.

Methanex can be seeking to show power because it nears its subsequent earnings launch. The corporate is predicted to report EPS of $2.08, up 1286.67% from the prior-year quarter. Our most up-to-date consensus estimate is asking for quarterly income of $1.2 billion, up 47.35% from the year-ago interval.

MEOH’s full-year Zacks Consensus Estimates are calling for earnings of $5.73 per share and income of $4.26 billion. These outcomes would characterize year-over-year modifications of +453.7% and +60.76%, respectively.

Any current modifications to analyst estimates for Methanex must also be famous by traders. These current revisions are likely to replicate the evolving nature of short-term enterprise developments. Because of this, we will interpret constructive estimate revisions as a very good signal for the corporate’s enterprise outlook.

Our analysis reveals that these estimate modifications are instantly correlated with near-term inventory costs. Buyers can capitalize on this through the use of the Zacks Rank. This mannequin considers these estimate modifications and supplies a easy, actionable score system.

The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a outstanding, outside-audited observe file of success, with #1 shares delivering a median annual return of +25% since 1988. Inside the previous 30 days, our consensus EPS projection remained stagnant. Methanex is holding a Zacks Rank of #1 (Sturdy Purchase) proper now.

Digging into valuation, Methanex at present has a Ahead P/E ratio of seven.02. This represents a reduction in comparison with its business’s common Ahead P/E of 11.74.

The Chemical – Diversified business is a part of the Primary Supplies sector. This group has a Zacks Business Rank of 104, placing it within the prime 41% of all 250+ industries.

The Zacks Business Rank gauges the power of our particular person business teams by measuring the typical Zacks Rank of the person shares throughout the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.

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