Westlake Corp (NYSE: WLK) has reported earnings for its third fiscal quarter (ending September 30) of $0.84 versus $2.22 for the same period a year ago — a decline of -62%. For the latest four quarters through September 30, E.P.S. were $0.75 versus $9.41 for the same period a year ago — a decline of -92%.
Recent Price Action
Westlake Corp (NYSE: WLK) stock rose modestly by 0.8% on 11/5/24. The stock closed at $132.55. Moreover, unusually high trading volume at 198% of normal accompanied the advance. The stock has declined -1.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, WLK is expected to continue to be a Value Builder.
Westlake has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Westlake has a good Appreciation Score of 76 but a neutral Power Rating of 42, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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