Methanex Stock Down 6.8%: Can It Rebound? Analyzing Earnings Estimates for Clues

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Methanex Corporation ($TSX:MX) (MEOH) stock recently dropped 6.8% since its last earnings report. Investors are wondering if this is an opportunity to buy or sell, and analyzing earnings estimates can help provide clues. Methanex Corporation is the world’s largest producer and supplier of methanol to major international markets. The company operates nine production facilities located in Canada, Chile, Egypt, New Zealand, and the United States, and has a joint venture production facility in Trinidad and Tobago. The company is headquartered in Vancouver, British Columbia, Canada.

Earnings estimates for Methanex are a key indicator for investors to watch when predicting the stock’s future movement. As the release date draws nearer, analysts may adjust their estimates depending on new information they may have received. Given the uncertainty surrounding Methanex stock, investors will need to carefully monitor earnings estimates in order to make an informed decision about the stock. Analyzing current estimates and observing how they change in the weeks leading up to the company’s next earnings report can be essential for predicting where Methanex stock is headed.

Earnings

METHANEX CORPORATION recently released its earnings report for the first quarter of FY2023, which ended March 31 2023. In this report, the company reported total revenue of 1038.41M USD and net income of 59.77M USD. This represents a 11.7% decrease in total revenue and a 49.6% decrease in net income when compared to the previous year. Over the last three years, METHANEX CORPORATION’s total revenue has increased from 1015.53M USD to 1038.41M USD.

Given the declining earnings of the company, the question now is whether it can rebound. Analyzing its earnings estimates gives a clue into what to expect in the near future. If the company can show steady revenue growth and increase its net income, then it may be able to reverse its current downward trend and see a rebound in its stock price.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Methanex Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Methanex Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Methanex Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Methanex Corporation are shown below. More…

Analysis

At GoodWhale, we believe in helping our users make informed decisions when it comes to investing. That’s why we’ve taken a close look at METHANEX CORPORATION‘s financials and have provided our Risk Rating on the company. Our analysis shows that METHANEX CORPORATION is a medium risk investment in terms of financial and business aspects. However, our analysis also revealed two risk warnings in both the income sheet and balance sheet. To learn more about these warnings, we recommend registering on goodwhale.com. That way, you will have access to all the details of our analysis and can make an informed decision regarding METHANEX CORPORATION. More…

Peers

The competition between Methanex Corp and its competitors, Directa Plus PLC, Rayonier Advanced Materials Inc, and Nanogate SE, is fierce. All of these companies are engaged in a race to become the top provider of chemicals and materials that are essential to the modern economy. With each of them offering unique solutions and services, they are all vying for the top spot in the industry.

– Directa Plus PLC ($LSE:DCTA)

Directa Plus PLC is a UK-based graphene technology company that produces and commercializes graphene-based materials for use in a variety of industries. The company has a market cap of 55.82M as of 2023, reflecting the company’s growth and success since its inception. Directa Plus PLC’s Return on Equity (ROE) of -20.11% reflects the company’s current financial performance and indicates that the company is currently underperforming relative to its peers. Despite this fact, Directa Plus PLC remains a strong player in the graphene technology industry.

– Rayonier Advanced Materials Inc ($NYSE:RYAM)

Rayonier Advanced Materials Inc is a leading global producer of high-purity cellulose, a natural polymer commonly used in products such as filters and pharmaceuticals. As of 2023, the company has a market cap of 475.31M and a Return on Equity (ROE) of 0.58%. The market cap indicates the total value of the company, while the ROE shows how much profit a company is able to generate per dollar of shareholder equity. The company has seen growth in both its market cap and ROE over the last few years, indicating that it is a stable and profitable enterprise.

– Nanogate SE ($LTS:0W1E)

Nanogate SE is a leading global technology group specialized in the design, production, and integration of advanced materials into surfaces and components. With a market cap of 9.55M, the company is well-positioned to capitalize on future growth opportunities in the advanced material industry. The company’s Return on Equity (ROE) of 1.65% is a testament to its commitment to driving shareholder value. Nanogate SE has been providing innovative solutions to its customers in the automotive, medical, and energy industries for over 20 years. As the demand for advanced materials continues to grow, the company’s market cap and ROE are likely to increase accordingly.

Summary

Methanex Corporation is a publicly traded company in the chemicals industry. Its share price has dropped by 6.8%, and there is speculation whether or not it can rebound. Analyzing the earnings estimates of Methanex can help investors determine their expectations for the stock. Earnings estimates indicate the amount of revenue, net income, and cash flow that a company should generate in a given period of time.

Analysts typically assess a stock’s current performance, market trends, and other factors to come up with an earnings estimate. By looking at these estimates, investors can get an idea of how Methanex is expected to perform and what kind of impact it could have on its share price.