Methanex Q2 Adj EPS $0.60 Misses $0.81 Estimate, Sales $939.00M Miss $1.18B Estimate
Portfolio Pulse from totan@benzinga.com
Methanex reported Q2 earnings of $0.60 per share, missing the analyst consensus estimate of $0.81 by 25.93%. The company's quarterly sales were $939.00 million, missing the analyst consensus estimate of $1.18 billion by 20.42%. This represents a 48.28% decrease in earnings and a 17.41% decrease in sales compared to the same period last year.
July 26, 2023 | 9:10 pm
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NEGATIVE IMPACT
Methanex's Q2 earnings and sales missed estimates, indicating a potential negative impact on the company's stock in the short term.
Methanex's Q2 earnings and sales fell short of analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100