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

• Westlake Corp WLK.N reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.40. The mean expectation of seventeen analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from -20 cents to 73 cents per share.

• Revenue fell 7.9% to $2.95 billion from a year ago; analysts expected $3.02 billion.

• Westlake Corp's reported EPS for the quarter was a loss of $1.11​.

• The company reported a quarterly loss of $142 million.

• Westlake Corp shares had risen by 0.4% this quarter and lost 33.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 92.2% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 8 "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 $91.00, about 16.2% above its last closing price of $76.25

This summary was machine generated from LSEG data August 5 at 01:32 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)