Westlake Corp expected to post earnings of $1.99 a share - Earnings Preview

Westlake

02/08/2024 17:24

* Westlake Corp  WLK.N   WLK  is expected to show a fall in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Houston Texas-based  company is expected to report a
0.4% decrease in revenue to $3.237 billion from $3.25 billion a
year ago, according to the mean estimate from 13 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Westlake Corp is for
earnings
of $1.99 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 11
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Westlake
Corp is
$160.00​, above​ its last closing price of $143.94. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.01        1.03       1.34      Beat    30.7
 Dec. 31 2024  0.83        0.90       0.72      Missed  -19.9
 Jan. 1 0001   1.94        1.97       2.20      Beat    11.8​
 Jun. 30 2023  2.89        2.93       2.31      Missed  -21
 ​​Mar.        2.26        2.14       3.05      Beat    42.2
 31 2023                                                
 Dec. 31 2022  2.34        2.28       1.79      Missed  -21.4​
 Sep. 30 2022  4.29        4.30       3.10      Missed  -27.9
 Jun. 30 2022  5.97        5.98       6.65      Beat    11.2
 This summary was machine generated August 2 at 16:24 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)