Methanex (MEOH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Methanex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Sales volume in tonnes - Purchased methanol: 247.00 KTon compared to the 368.12 KTon average estimate based on three analysts.
• Sales volume in tonnes - Methanex-produced methanol: 2,151.00 KTon versus the three-analyst average estimate of 2,110.91 KTon.
• Sales volume in tonnes - Total: 2,555.00 KTon compared to the 2,612.73 KTon average estimate based on three analysts.
• Average realized methanol price ($/tonne): 529.00 $/Ton compared to the 517.29 $/Ton average estimate based on three analysts.
• Sales volume in tonnes - Commission sales: 157.00 KTon versus the three-analyst average estimate of 133.70 KTon.
• Production in tonnes - Canada (Medicine Hat): 143.00 KTon versus the two-analyst average estimate of 121.34 KTon.
• Production in tonnes - Total: 2,296.00 KTon versus the two-analyst average estimate of 2,270.13 KTon.
• Operating Capacity - New Zealand: 215.00 KTon versus 210.55 KTon estimated by two analysts on average.
• Operating Capacity - Chile: 425.00 KTon versus the two-analyst average estimate of 425.00 KTon.
• Operating Capacity - Canada (Medicine Hat): 140.00 KTon compared to the 138.00 KTon average estimate based on two analysts.
• Production in tonnes - Egypt (50% interest): 165.00 KTon versus the two-analyst average estimate of 121.68 KTon.
• Operating Capacity - Egypt (50% interest): 158.00 KTon versus the two-analyst average estimate of 157.75 KTon.

View all Key Company Metrics for Methanex here>>>

Shares of Methanex have returned +11% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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