How did MEOH's Q1 2024 EPS outperform forecasts?

Methanex's (MEOH) Q1 2024 EPS outperformed forecasts due to several key factors: 1. **Actual EPS vs. Estimated EPS**: The actual EPS for Q1 2024 was $0.65, while the estimated EPS was $0.3. This indicates a significant positive surprise, with the company's performance exceeding expectations. 2. **Revenue Surpass**: Methanex's revenue for the quarter was not only higher than the previous year but also surpassed market estimates. This revenue surprise contributed to the better-than-expected earnings. 3. **Cost Management**: The company's effective cost management likely played a role in maintaining profitability despite lower natural gas prices. Methanex has been successful in managing its costs, which has been a key factor in its financial performance. 4. **Market Conditions**: Favorable market conditions, including higher methanol prices and improved demand, may have contributed to the company's strong earnings. Methanex is well-positioned to capitalize on these conditions, which have benefited its financial performance. In summary, Methanex's Q1 2024 EPS outperformed forecasts due to a combination of actual EPS exceeding estimates, revenue surpassing expectations, effective cost management, and favorable market conditions.