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

Westlake

02/11/2023 16:01

* Westlake Corp  WLK.N  reported quarterly adjusted earnings
of
$2.20​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of
$3.10.  The mean expectation of eighteen analysts for the
quarter was for earnings of $1.97 per share. Wall Street
expected results to range from $1.23  to $2.40 per share.
    * Revenue fell 21.3% to $3.12 billion from a year ago;
analysts
expected $3.25 billion. 
    * Westlake Corp's reported EPS for the quarter was $2.20​.
    * The company reported quarterly net income of $285 million.
    * Westlake Corp shares had fallen by 6.8% this quarter and
gained 13.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 10
"hold" and 3 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Westlake
Corp is
$135.00 

This summary was machine generated from LSEG data November 2 at
04:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      2.28           1.79           Missed