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

• Westlake Corp WLK.N reported a quarterly adjusted loss of 31 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.34. The mean expectation of nineteen analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 26 cents to $1.02 per share.

• Revenue fell 4.3% to $2.85 billion from a year ago; analysts expected $2.95 billion.

• Westlake Corp's reported EPS for the quarter was a loss of 31 cents​.

• The company reported a quarterly loss of $40 million.

• Westlake Corp shares had fallen by 7.8% this quarter and lost 19.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 51.1% in the last three months.​

• In the last 30 days, eleven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 9 "hold" and no "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 $121.00

This summary was machine generated from LSEG data May 2 at 01:31 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)