Westlake (WLK) Up 11% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]
Westlake Corporation (WLK)
Last westlake corporation earnings: 2/18 06:30 am
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US:NYSE Investor Relations:
westlake.com/investor-relations
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Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Westlake due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Westlake's Earnings and Sales Miss Estimates in Q4 Westlake posted a fourth-quarter 2023 loss of $497 million or $3.86 per share against a profit of $232 million or $1.79 per share in the prior-year quarter. The decline in earnings was primarily caused by a non-cash impairment charge of $475 million concerning the company's base epoxy resin assets in The Netherlands and the goodwill linked with its epoxy business. Barring one-time items, earnings came in at 72 cents per share for the reported quarter. It lagged the Zacks Consensus Estimate of 81 cents. Sales fell around 14.3% year over year to $2,826 million in the quarter. It lagged the Zacks Consensus Estimate of $2,854.
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News
- Estimating The Intrinsic Value Of Westlake Corporation (NYSE:WLK) [Yahoo! Finance]Yahoo! Finance
- Westlake Chemical (WLK) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release [Yahoo! Finance]Yahoo! Finance
- Westlake Corporation: Looks Attractive Even Without Momentum Assumptions [Seeking Alpha]Seeking Alpha
- Westlake Epoxy Introducing New Lower Yellowing Epoxy Products [Yahoo! Finance]Yahoo! Finance
- Westlake Epoxy Introducing New Lower Yellowing Epoxy ProductsBusiness Wire
WLK
Earnings
- 2/20/24 - Miss
WLK
Sec Filings
- 4/25/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 4/3/24 - Form 8-K
- WLK's page on the SEC website