- Methanex’s Adjusted Earnings Per Share (EPS) for the fourth quarter was $1.24, surpassing the previous year’s 52 cents and beating the estimated $1.10.
- The company’s revenue for the fourth quarter stood at $949 million, representing a 2.9% year-over-year increase, but fell short of the estimated $982.4 million.
- Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) matched expectations at $224 million, marking a 51% increase from the previous year.
- The average non-discounted posted price per tonne was $547, rising by 30% year-over-year and slightly exceeding the estimate of $543.80.
- The average realized price per tonne came in at $370, showing a 15% year-over-year increase, yet slightly below the estimated $373.59.
- Analyst ratings for Methanex include 9 buy recommendations, 2 holds, and no sells.
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A look at Methanex Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Methanex Corp, the company shows a strong momentum with a score of 5, indicating a positive trend in its performance. This could suggest that Methanex Corp is gaining traction and seeing growth potential in the market. Additionally, the company scores moderately well in Value and Growth with scores of 3 for both factors, showing that it is reasonably valued and has the potential for future expansion. However, Methanex Corp scores lower in Dividend and Resilience with scores of 2, indicating that it may not be as strong in terms of dividend payouts and its ability to withstand economic shocks.
Methanex Corporation, a producer and marketer of methanol used in various industrial and consumer products, seems to have a promising long-term outlook, especially considering its strong momentum score. While the company may not offer high dividends or exhibit the highest resilience, its value and growth potential are notable. Investors may find Methanex Corp appealing for its growth prospects and positive market momentum, which could bode well for its future performance in the methanol industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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