Zacks Research Has Positive Outlook for Methanex Q2 Earnings

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Research analysts at Zacks Research lifted their Q2 2026 earnings estimates for shares of Methanex in a research report issued to clients and investors on Monday, May 18th. Zacks Research analyst Team now expects that the company will earn $5.15 per share for the quarter, up from their previous forecast of $0.79. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Zacks Research also issued estimates for Methanex’s Q3 2026 earnings at $2.64 EPS, FY2026 earnings at $9.30 EPS, Q2 2027 earnings at $2.18 EPS, Q3 2027 earnings at $1.99 EPS, Q4 2027 earnings at $1.70 EPS, FY2027 earnings at $6.66 EPS and FY2028 earnings at $5.02 EPS.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings results on Thursday, March 5th. The company reported C($0.19) EPS for the quarter. Methanex had a negative return on equity of 1.84% and a negative net margin of 1.26%.The business had revenue of C$1.28 billion for the quarter.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada lowered shares of Methanex from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Scotiabank increased their price target on shares of Methanex from C$48.00 to C$60.00 in a research note on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce lowered shares of Methanex from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Methanex currently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.00.

Methanex Stock Performance

Shares of MX opened at C$83.19 on Thursday. The company’s fifty day moving average is C$81.49 and its 200-day moving average is C$67.17. Methanex has a 12 month low of C$43.27 and a 12 month high of C$92.97. The firm has a market cap of C$6.44 billion, a price-to-earnings ratio of -113.96, a price-to-earnings-growth ratio of 0.44 and a beta of 0.65. The company has a quick ratio of 1.59, a current ratio of 1.96 and a debt-to-equity ratio of 143.44.

Insider Buying and Selling

In related news, insider Mark Allard sold 2,000 shares of the company’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of C$86.00, for a total transaction of C$172,000.00. Following the completion of the sale, the insider directly owned 16,604 shares of the company’s stock, valued at approximately C$1,427,944. This represents a 10.75% decrease in their position. Also, insider Sergio Almarza sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$86.24, for a total transaction of C$86,240.00. Following the sale, the insider directly owned 16,070 shares of the company’s stock, valued at approximately C$1,385,876.80. This represents a 5.86% decrease in their ownership of the stock. In the last three months, insiders bought 185,000 shares of company stock valued at $15,977,242 and sold 7,500 shares valued at $645,510. 0.35% of the stock is owned by insiders.

Methanex Company Profile

Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.