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Will Methanex Beat These Analyst Estimates?

By Seth Jayson - Updated Apr 10, 2017 at 1:47PM

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Checking expectations

Methanex (Nasdaq: MEOH) is expected to report Q1 earnings on April 24. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Methanex's revenues will expand 11.8% and EPS will expand 217.4%.

The average estimate for revenue is $744.5 million. On the bottom line, the average EPS estimate is $0.73.

Revenue details
Last quarter, Methanex notched revenue of $695.7 million. GAAP reported sales were 0.1% lower than the prior-year quarter's $696.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.64. GAAP EPS were -$1.49 for Q4 compared to $0.68 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 17.6%, 390 basis points worse than the prior-year quarter. Operating margin was 11.7%, 350 basis points worse than the prior-year quarter. Net margin was -20.1%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.94 billion. The average EPS estimate is $3.03.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 208 members out of 219 rating the stock outperform, and 11 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Methanex a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Methanex is outperform, with an average price target of $33.94.

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Stocks Mentioned

Methanex Corporation Stock Quote
Methanex Corporation
MEOH
$39.99 (-4.35%) $-1.82

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