Westlake Corp expected to post earnings of 90 cents a share - Earnings Preview

Westlake

16/02/2024 13:40

* Westlake Corp  WLK.N   WLK  is expected to show a fall in
quarterly revenue when it reports  results on February 20 for
the period ending December 31 2023
    * The Houston Texas-based  company is expected to report a
13.4% decrease in revenue to $2.856 billion from $3.3 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 90 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 12
"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
$140.00​, below​ its last closing price of $144.25. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.94        1.97       2.20      Beat    11.8
 Jun. 30 2023  2.89        2.93       2.31      Missed  -21
 Mar. 31 2023  2.26        2.14       3.05      Beat    42.2​
 Dec. 31 2022  2.34        2.28       1.79      Missed  -21.4
 ​​Sep.        4.29        4.30       3.10      Missed  -27.9
 30 2022                                                
 Jun. 30 2022  5.97        5.98       6.65      Beat    11.2​
 Mar. 31 2022  4.92        4.63       5.83      Beat    25.9
 Dec. 31 2021  4.49        4.49       4.98      Beat    11
 This summary was machine generated February 16 at 13:40 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)