Westlake Corp (NYSE: WLK) has reported E.P.S. of $1.35 for its first fiscal quarter (ending March 31) versus $3.07 for the same period a year ago — a decline of -56%. This result fell short of the consensus estimate of $2.16 by $-0.81. For the latest four quarters through March 31, E.P.S. were $2.03 compared to $14.64 a year ago — a decline of -86%.
Recent Price Action
Westlake Corp (NYSE: WLK) stock increased 1.2% on 5/1/24. The shares closed at $149.18. Moreover, exceptionally high trading volume at 218% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WLK is expected to continue to be a Value Builder.
Westlake has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Westlake has a slightly positive Power Rating of 65 and a slightly positive Appreciation Score of 66, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment