Westlake Corp (NYSE: WLK) has reported E.P.S. of $2.42 for its second fiscal quarter (ending June 30) versus $2.32 for the same period a year ago — an increase of 4%. Relative to the consensus estimate of $1.94, this was a premium of $0.48. For the latest four quarters through June 30, E.P.S. were $2.13 compared to $10.31 a year ago — a decline of -79%.
Recent Price Action
Westlake Corp (NYSE: WLK) stock closed at $144.01 on 8/6/24 after a very large increase of 7.9%. Moreover, trading volume in this advance was unusually high at 189% of normal. The stock is unchanged during the last week and has been strong relative to 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 A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Westlake has a slightly positive Power Rating of 61 and a good Appreciation Score of 72, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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