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

• Westlake Corp WLK.N reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -29 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 57 cents per share. Wall Street expected results to range from 28 cents to $1.46 per share.

• Revenue rose 5% to $2.98 billion from a year ago; analysts expected $2.95 billion.

• Westlake Corp's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $6 million.

• Westlake Corp shares had risen by 9.9% this quarter and lost 7.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 58.9% 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 7 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is "buy."

• Wall Street's median 12-month price target for Westlake Corp is $76.00, about 9.9% above its last closing price of $68.47

This summary was machine generated from LSEG data November 4 at 02:32 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)