Methanex Corporation (NASDAQ:MEOH) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 26, 2017. The stock lost about -0.1 percent in price since last results when it was at $46.95 a share. Based on the most relevant past-periods data, there is an 60 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 6 times out of last 10 reported quarters. It has beaten earnings-per-share estimates 41% of the time in its last 12 earnings reports. It fell short of earnings estimates on 7 occasions, and it has met expectations 0 time.
Here’s how traders responded to MEOH earnings announcements over the past few quarters.
Methanex Corporation (MEOH) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 28.76 percent over the past four quarters. Back on January 25, 2017, it posted earnings per-share earnings at $0.28 which beat the consensus $0.15 projection (positive surprise of86.67%. For the quarter, revenue came in at 585.59M versus consensus estimate of 548.09M. The stock gained 9.8 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On October 26, 2016, it reported earnings at $-0.12 a share compared with the consensus estimate of $-0.21 per share (positive surprise of 42.86%). Revenue of 510.09M for that quarter was above the $493.63M analysts had expected. The stock climbed 0.62% the day following the earnings announcement, and on 7th day price change was -4.96%.
On July 27, 2016, it recorded $-0.26 a share in earnings which topped the consensus estimate of $-0.27 (positive surprise of 3.7%). Revenue for the quarter was $467.89M while analysts called for revenues to be $421.96M. The stock dropped -2.63% the day following the earnings data was made public, and on 7th day price change was -3.23%.
On April 27, 2016, it announced earnings per share at $-0.26 versus the consensus estimate of $-0.22 per share (negative surprise of -18.18%). That came on revenues of $434.85M for that period. Analysts had expected $445.8M in revenue.
Methanex Corporation Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.34. The analysts’ present consensus range is $0.94-$1.62 for EPS. The market consensus range for revenue is between $701.54M and $888.5M, with an average of $784.17M.
Methanex Corporation (NASDAQ:MEOH) last ended at $46.9, sending the company’s market cap near $4.21B. The consensus 12-month price target from analysts covering the stock is $53.58. The share price has declined -12.09% from its top level in 52 weeks and dropped 7.08% this year. It recently traded in a range of $46.3-$47.62 at a volume of 630379 shares. The recent trading ended with the price nearly -4.87 lower for the last 5 trading days, rebounding 77.5% from its 52-week low.