Westlake Corp reports results for the quarter ended in September 30 - Earnings Summary

Westlake

06/11/2024 05:12

* Westlake Corp  WLK.N  reported quarterly adjusted earnings
of
$1.41​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$2.20.  The mean expectation of eighteen analysts for the
quarter was for earnings of $2.21 per share. Wall Street
expected results to range from $1.77  to $2.62 per share.
    * Revenue rose 0.1% to $3.12 billion from a year ago;
analysts
expected $3.31 billion. 
    * Westlake Corp's reported EPS for the quarter was 83
cents​.
    * The company reported quarterly net income of $108 million.
    * Westlake Corp shares had fallen by 11.8% this quarter and
lost 5.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 10
"hold" and 1 "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
$160.00 
This summary was machine generated from LSEG data November 6 at
05:12 a.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
 Sep. 30 2024      2.21           1.41           Missed
 Jun. 30 2024      1.99           2.40           Beat
 Mar. 31 2024      1.03           1.34           Beat
 Dec. 31 2023      0.90           0.72           Missed