Scotiabank Has Bearish Outlook for Methanex FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Methanex to $10.65 from $11.27, while projecting FY2027 EPS of $7.11—still above the current-year consensus estimate of $5.95.
• Methanex reported quarterly EPS of C$5.50 on C$1.98 billion in revenue, with a 3.50% return on equity and a 2.05% net margin.
• The stock opened at C$88.68, near its 12-month high of C$92.97. Analysts maintain an overall “Buy” rating with an average price target of C$60.00, while a director recently sold 2,000 shares.

Methanex Co. (TSE:MX - Free Report) NASDAQ: MEOH - Research analysts at Scotiabank cut their FY2026 earnings per share estimates for Methanex in a research report issued to clients and investors on Thursday, October 1st. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of $10.65 for the year, down from their previous forecast of $11.27. The consensus estimate for Methanex's current full-year earnings is $5.95 per share. Scotiabank also issued estimates for Methanex's FY2027 earnings at $7.11 EPS.

Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last announced its quarterly earnings data on Tuesday, July 28th. The company reported C$5.50 earnings per share (EPS) for the quarter. The company had revenue of C$1.98 billion during the quarter. Methanex had a return on equity of 3.50% and a net margin of 2.05%.

MX has been the topic of several other research reports. National Bank Financial raised shares of Methanex to a "strong-buy" rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce raised shares of Methanex from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Methanex has an average rating of "Buy" and an average price target of C$60.00.

Methanex Trading Up 0.5%

Methanex stock opened at C$88.68 on Monday. Methanex has a 12-month low of C$45.01 and a 12-month high of C$92.97. The firm has a market capitalization of C$6.86 billion, a price-to-earnings ratio of 100.77, a P/E/G ratio of 0.44 and a beta of 0.66. The firm has a 50 day moving average of C$82.00 and a 200 day moving average of C$80.33. The company has a current ratio of 2.07, a quick ratio of 1.59 and a debt-to-equity ratio of 122.11.

Insider Buying and Selling

In other news, Director Alejandro Larrive sold 2,000 shares of the business's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of C$88.03, for a total value of C$176,060.00. Following the transaction, the director directly owned 8,009 shares in the company, valued at C$705,032.27. The trade was a 19.98% decrease in their ownership of the stock. 0.35% of the stock is currently owned by corporate insiders.

Methanex Company Profile

Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Global Select Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at www.methanex.com.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.