Zacks Research Has Bullish Estimate for Methanex Q3 Earnings

Key Points

• Zacks Research raised Methanex’s Q3 2026 EPS estimate to $3.10 from $1.92 and forecasts full-year 2026 EPS of $8.53, near the broader consensus. Despite the improved outlook, Zacks maintains a “Hold” rating.
• Methanex’s latest quarter fell slightly short of expectations, with EPS of $3.87 versus $4.00 anticipated and revenue of $1.40 billion versus $1.43 billion. However, revenue increased 75% year over year.
• The stock has a “Moderate Buy” consensus rating, with six Buy and five Hold ratings and an average price target of $68.56. Methanex also declared a quarterly dividend of $0.185 per share, representing a 1.2% annualized yield.

Methanex Corporation (NASDAQ:MEOH - Free Report) TSE: MX - Equities research analysts at Zacks Research upped their Q3 2026 earnings per share estimates for Methanex in a research note issued on Monday, August 17th. Zacks Research analyst Team now anticipates that the specialty chemicals company will post earnings per share of $3.10 for the quarter, up from their previous forecast of $1.92. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Methanex's current full-year earnings is $8.60 per share. Zacks Research also issued estimates for Methanex's Q4 2026 earnings at $1.74 EPS, FY2026 earnings at $8.53 EPS, Q1 2027 earnings at $2.22 EPS, Q2 2027 earnings at $2.06 EPS, Q3 2027 earnings at $0.73 EPS, Q4 2027 earnings at $0.82 EPS, FY2027 earnings at $5.83 EPS, Q1 2028 earnings at $0.98 EPS, Q2 2028 earnings at $2.02 EPS and FY2028 earnings at $4.35 EPS.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.13). Methanex had a return on equity of 11.35% and a net margin of 2.07%.The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company posted $0.97 EPS. The business's revenue was up 75.0% compared to the same quarter last year.

A number of other research analysts have also weighed in on MEOH. Royal Bank Of Canada cut their target price on shares of Methanex from $70.00 to $65.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 1st. Wall Street Zen lowered Methanex from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. Canadian Imperial Bank of Commerce raised Methanex from a "neutral" rating to a "sector outperform" rating and increased their price objective for the company from $69.00 to $71.00 in a research report on Monday, July 20th. Weiss Ratings upgraded shares of Methanex from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. cut shares of Methanex from an "overweight" rating to a "neutral" rating and upped their target price for the company from $56.00 to $65.00 in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Methanex presently has an average rating of "Moderate Buy" and an average target price of $68.56.

Methanex Price Performance

MEOH opened at $60.10 on Monday. The business has a 50 day moving average price of $52.79 and a 200 day moving average price of $55.37. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.35 and a current ratio of 2.07. Methanex has a twelve month low of $32.00 and a twelve month high of $66.75. The firm has a market cap of $4.65 billion, a P/E ratio of 58.35 and a beta of 0.58.

Hedge Funds Weigh In On Methanex

Several large investors have recently added to or reduced their stakes in MEOH. Public Employees Retirement System of Ohio grew its holdings in Methanex by 0.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 82,381 shares of the specialty chemicals company's stock worth $4,892,000 after acquiring an additional 225 shares during the period. AMG National Trust Bank lifted its stake in shares of Methanex by 4.8% in the 1st quarter. AMG National Trust Bank now owns 8,127 shares of the specialty chemicals company's stock valued at $484,000 after purchasing an additional 374 shares during the period. NewEdge Advisors LLC boosted its position in shares of Methanex by 33.3% in the 3rd quarter. NewEdge Advisors LLC now owns 2,000 shares of the specialty chemicals company's stock worth $80,000 after purchasing an additional 500 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Methanex by 61.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,143 shares of the specialty chemicals company's stock worth $85,000 after purchasing an additional 812 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Methanex by 8.2% during the fourth quarter. Franklin Resources Inc. now owns 10,706 shares of the specialty chemicals company's stock worth $425,000 after purchasing an additional 813 shares during the period. Institutional investors and hedge funds own 73.49% of the company's stock.

Methanex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.74 dividend on an annualized basis and a yield of 1.2%. Methanex's dividend payout ratio (DPR) is 71.84%.

Methanex News Summary

Here are the key news stories impacting Methanex this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $8.53 from $6.77, while increasing its Q3 and Q4 2026 forecasts to $3.10 and $1.74, respectively. These upgrades suggest stronger anticipated operating performance in the near term. Methanex analyst estimates
• Positive Sentiment: Forecasts for 2027 were also lifted: Q1 EPS increased to $2.22 from $0.58, Q2 to $2.06 from $1.59, and full-year EPS to $5.83 from $4.85. The firm additionally raised Q1 2028 EPS to $0.98 from $0.48, Q2 2028 EPS to $2.02 from $1.34, and FY2028 EPS to $4.35 from $3.65. Methanex earnings forecast revisions
• Neutral Sentiment: The upgrades bring Zacks’ FY2026 estimate close to the broader consensus of $8.62 per share, but the firm still recommends holding rather than buying the shares aggressively. Methanex’s valuation remains a consideration, with the stock carrying a high forward earnings multiple relative to its modest recent net margin.
• Negative Sentiment: Not all revisions were favorable. Zacks cut Q3 2027 EPS to $0.73 from $1.45 and Q4 2027 EPS to $0.82 from $1.24, indicating expectations for weaker earnings in the second half of 2027. The lower quarterly outlook also helps explain why FY2027 and FY2028 earnings remain below the stronger 2026 projection.

Methanex Company Profile

Methanex Corporation is a Vancouver, Canada–based company and one of the world's largest producers and suppliers of methanol. The company manufactures methanol, a key feedstock for a wide range of chemical products and industrial applications. Methanex markets its product to customers in energy, plastics, paints and coatings, and various chemical sectors, positioning the company as a critical link in the global supply chain for basic chemicals.

The company's core product, methanol, serves as a building block for downstream chemicals such as formaldehyde, acetic acid and methyl tertiary butyl ether (MTBE).

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