Methanex Q2 Adj EPS $0.60 Beats $0.57 Estimate, Sales $939.00M Beat $892.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Methanex (NASDAQ:MEOH) reported Q2 earnings of $0.60 per share, beating the analyst consensus estimate of $0.57 by 5.26%. The company also reported quarterly sales of $939.00 million, surpassing the analyst consensus estimate of $892.08 million by 5.26%. However, this represents a 17.41% decrease over sales of $1.14 billion in the same period last year.
July 26, 2023 | 9:03 pm
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NEUTRAL IMPACT
Methanex's Q2 earnings and sales exceeded analyst estimates, but sales decreased compared to the same period last year.
While Methanex beat analyst estimates for Q2 earnings and sales, the decrease in sales compared to the same period last year may offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100