Westlake Corp expected to post earnings of $2.93 a share - Earnings Preview

Westlake

01/08/2023 16:05

* Westlake Corp  WLK.N   WLK  is expected to show a fall in
quarterly revenue when it reports  results on August 3. 
    * The Houston Texas-based  company is expected to report  a
21.8% decrease in revenue to $3.504 billion from $4.48 billion a
year ago, according to the mean estimate from 13 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Westlake Corp is
for
earnings of $2.93 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
$130​, below​ its last closing price of $137.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  2.26        2.14       3.05      Beat    42.2
 Dec. 31 2023  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
 ​​Mar.        4.92        4.63       5.83      Beat    25.9
 31 2022                                                
 Dec. 31 2021  4.49        4.49       4.98      Beat    11​
 Sep. 30 2021  4.00        3.96       4.69      Beat    18.5
 Jun. 30 2021  3.56        3.52       4.04      Beat    14.8
 This summary was machine generated August 1 at 15:05 GMT.  All
figures in US dollars  unless otherwise stated