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

Westlake

03/08/2023 14:33

* Westlake Corp  WLK.N  reported quarterly adjusted earnings
of
$2.31​​ per share for the quarter ended in June. The mean
expectation of nineteen analysts for the quarter was
for earnings of $2.93 per share.
    * Revenue fell 99.9% to $3.25 million from a year ago;
analysts
expected $3.50 billion. 
    * Westlake Corp's reported EPS for the quarter was $2.31​.
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Westlake Corp shares had risen by 12.5% this quarter and
gained 31.1% so far this year.
    * The company reported quarterly net income of $297 million.
    * Wall Street's median 12-month price target for Westlake
Corp is
$130.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.93           2.31           Missed
 Mar. 31 2023      2.14           3.05           Beat
 Dec. 31 2022      2.28           1.79           Missed
 Sep. 30 2022      4.30           3.10           Missed