* Westlake Corp reported quarterly adjusted earnings of $1.41 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $2.20. The mean expectation of eighteen analysts for the quarter was for earnings of $2.21 per share. Wall Street expected results to range from $1.77 to $2.62 per share.
* Revenue rose 0.1% to $3.12 billion from a year ago; analysts expected $3.31 billion.
* Westlake Corp's reported EPS for the quarter was 83 cents.
* The company reported quarterly net income of $108 million.
* Westlake Corp shares had fallen by 11.8% this quarter and lost 5.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1% in the last three months.
* In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the commodity chemicals peer group is also "hold"
Wall Street's median 12-month price target for Westlake Corp is $160.00 This summary was machine generated from LSEG data November 6 at 05:12 a.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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 2.21 1.41 Missed
Jun. 30 2024 1.99 2.40 Beat
Mar. 31 2024 1.03 1.34 Beat
Dec. 31 2023 0.90 0.72 Missed
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