Westlake Corp reports results for the quarter ended in December - Earnings Summary

Westlake

20/02/2024 14:31

* Westlake Corp  WLK.N  reported quarterly adjusted earnings
of 72
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.79.  The mean expectation of eighteen analysts for the
quarter was for earnings of 90 cents per share. Wall Street
expected results to range from 49 cents to $1.40 per share.
    * Revenue fell 14.3% to $2.83 billion from a year ago;
analysts
expected $2.86 billion. 
    * Westlake Corp's reported EPS for the quarter was a loss of
$3.86​.
    * The company reported a quarterly loss of $497 million.
    * Westlake Corp shares had risen by 3.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the commodity
chemicals
peer group is also "hold"

Wall Street's median 12-month price target for Westlake Corp is
$140.00 
This summary was machine generated from LSEG data February 20 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.90           0.72           Missed
 Sep. 30 2023      1.97           2.20           Beat
 Jun. 30 2023      2.93           2.31           Missed
 Mar. 31 2023      2.14           3.05           Beat