Methanex MEOH announces its next round of earnings this Wednesday, July 29. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.
Earnings and Revenue
Based on management's projections, Methanex analysts modeled for a loss of $0.96 per share on sales of $487.89 million. Methanex reported a per-share profit of $0.340 when it published results during the same quarter last year. Sales in that period totaled $777.00 million. The Wall Street consensus estimate for earnings would represent a 382.35% decrease for the company. Sales would be down 31.87% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.05 | -0.03 | -0.05 | 0.56 |
| EPS Actual | 0.10 | 0.13 | -0.27 | 0.34 |
| Revenue Estimate | 716.15 M | 734.18 M | 643.28 M | 719.33 M |
| Revenue Actual | 676.00 M | 690.00 M | 723.00 M | 777.00 M |
Stock Performance
Shares of Methanex were trading at $19.38 as of July 28. Over the last 52-week period, shares are down 50.93%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.
Judging by these returns, long-term shareholders may be feeling unsatisfied with these results.
Don't be surprised to see the stock move on comments made during its conference call. Methanex is scheduled to hold the call at 11:00:00 ET and can be accessed here: http://www.gowebcasting.com/events/methanex-corporation/2020/07/30/methanex-corporation-second-quarter-2020-results-call/play
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