Scotiabank Has Bullish Forecast for Methanex FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS forecast for Methanex to $12.13, up from $10.65 and well above the broader consensus estimate of $5.95; it projects FY2027 EPS of $8.81.
• Methanex recently reported quarterly revenue of C$1.98 billion and EPS of C$5.50, while its shares opened at C$90.25, near the 12-month high of C$92.97.
• Analyst sentiment is broadly positive: the stock carries an average “Buy” rating and a consensus price target of C$60.00, with National Bank Financial and CIBC recently upgrading it to “Strong Buy.”

Methanex Co. (TSE:MX - Free Report) NASDAQ: MEOH - Equities research analysts at Scotiabank increased their FY2026 earnings estimates for Methanex in a report released on Tuesday, October 13th. Scotiabank analyst B. Isaacson now expects that the company will post earnings per share of $12.13 for the year, up from their previous forecast of $10.65. 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 $8.81 EPS.

Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last posted its earnings results on Tuesday, July 28th. The company reported C$5.50 earnings per share 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%.

A number of other equities research analysts have also recently weighed in on MX. National Bank Financial upgraded Methanex to a "strong-buy" rating in a research note on Monday, July 13th. Canadian Imperial Bank of Commerce raised Methanex from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$60.00.

Methanex Stock Down 0.1%

Shares of TSE MX opened at C$90.25 on Friday. The stock has a market capitalization of C$6.98 billion, a PE ratio of 102.56, a price-to-earnings-growth ratio of 0.44 and a beta of 0.66. The company has a current ratio of 2.07, a quick ratio of 1.59 and a debt-to-equity ratio of 122.11. Methanex has a 12-month low of C$45.01 and a 12-month high of C$92.97. The stock's fifty day simple moving average is C$83.14 and its two-hundred day simple moving average is C$80.51.

Insider Activity

In related news, Director Alejandro Larrive sold 2,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the director owned 8,009 shares in the company, valued at C$705,032.27. This trade represents a 19.98% decrease in their position. 0.35% of the stock is currently owned by 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.

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