FY2026 Earnings Estimate for Methanex Issued By Scotiabank

Key Points

• Scotiabank cut its FY2026 EPS estimate for Methanex to $12.11 (from $12.79) and projects FY2027 EPS of $7.44, while the consensus estimate for the current full year is $5.95.
• Multiple major banks have downgraded Methanex to Hold, though MarketBeat's consensus rating remains a Moderate Buy with an average price target of C$50 versus a recent share price around C$89.55.
• Methanex reported a quarterly loss of C($0.19) with negative net margin and return on equity, indicating near-term profitability pressures despite the company's C$6.93 billion market cap.

Methanex Co. (TSE:MX - Free Report) NASDAQ: MEOH - Stock analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for shares of Methanex in a research note issued to investors on Friday, May 1st. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings per share of $12.11 for the year, down from their previous estimate of $12.79. 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 $7.44 EPS.

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

MX has been the topic of several other research reports. Raymond James Financial downgraded Methanex from a "moderate buy" rating to a "hold" rating in a report on Wednesday, January 14th. Royal Bank Of Canada downgraded Methanex from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 1st. Finally, Canadian Imperial Bank of Commerce downgraded Methanex from a "strong-buy" rating to a "hold" rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$50.00.

Methanex Price Performance

TSE:MX opened at C$89.55 on Wednesday. The business's 50-day moving average price is C$77.98 and its 200 day moving average price is C$64.29. The firm has a market cap of C$6.93 billion, a P/E ratio of -122.67, a PEG ratio of 0.44 and a beta of 0.65. Methanex has a 52-week low of C$43.27 and a 52-week high of C$92.97. 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 at Methanex

In related news, insider Mark Allard sold 2,000 shares of the firm's stock in a transaction that occurred 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 transaction, the insider owned 16,604 shares of the company's stock, valued at approximately C$1,427,944. This trade represents a 10.75% decrease in their ownership of the stock. 0.35% of the stock is owned by company 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.

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