Westlake Corp reports results for the quarter ended December 31 - Earnings Summary

• Westlake Corp WLK.N reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 72 cents. The mean expectation of nineteen analysts for the quarter was for earnings of $1.09 per share. Wall Street expected results to range from 61 cents to $1.77 per share.

• Revenue rose 0.6% to $2.84 billion from a year ago; analysts expected $2.94 billion.

• Westlake Corp's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $7 million.

• Westlake Corp shares had fallen by 4.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.2% 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 "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the commodity chemicals peer group is also "buy"

Wall Street's median 12-month price target for Westlake Corp is $144.00

This summary was machine generated from LSEG data February 24 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)