Westlake Corp (NYSE: WLK) has reported E.P.S. of $2.22 for its third fiscal quarter (ending September 30) versus $3.12 for the same period a year ago — a decline of -29%. However, this result exceeded the consensus estimate of $1.97 by $0.25. For the latest four quarters through September 30, E.P.S. were $9.41 versus $20.66 for the same period a year ago — a decline of -54%.
Recent Price Action
On 11/2/23, Westlake Corp (NYSE: WLK) stock enjoyed a large increase of 4.1%, closing at $120.99. The stock has risen 6.9% 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 be above 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 68 and a good Appreciation Score of 82, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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