Methanex Corporation (NASDAQ:MEOH) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MEOH to report 3Q20 loss of $ 0.85 per share.
For the full year, analysts anticipate top line of $ 2287.74 million, while looking forward to loss of $ 1.94 per share bottom line.
Previous Quarter Performance
Methanex Corporation recorded loss for the second quarter of $ 0.84 per share, from the revenue of $ 453.00 million. Wall street analysts are predicting, MEOH to report 2Q20 loss of $ 0.96 per share from revenue of $ 487.89 million. The bottom line results beat street analysts by $ 0.12 or 12.50 percent, at the same time, top line results fell short of analysts by $ 34.89 million or 7.15 percent.
Stock Performance
Shares of Methanex Corporation traded low $ 0.00 or 0.00 percent on Tuesday, reaching $ 30.55 with volume of 554.90 thousand shares. Methanex Corporation has traded high as $ 31.13 and has cracked $ 30.18 on the downward trend
According to the previous trading day, closing price of $ 30.55, representing a 239.44 % increase from the 52 week low of $ 9.00 and a 27.59 % decrease over the 52 week high of $ 42.19.
The company has a market capital of $ 2.34 billion and is part of the Basic Materials sector and Chemicals industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Scotiabank at Sector Outperform rating, with $ 36.00 target price.
- On 6th October 2020, maintained by UBS Group at Sell rating, with $ 11.00 target price.
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
