We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Analyst Projections for Key Metrics Reveal About Westlake (WLK) Q2 Earnings
Read MoreHide Full Article
The upcoming report from Westlake Chemical (WLK - Free Report) is expected to reveal quarterly earnings of $1.90 per share, indicating a decline of 17.8% compared to the year-ago period. Analysts forecast revenues of $3.18 billion, representing a decrease of 2.3% year over year.
The current level reflects a downward revision of 3.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Westlake metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net external sales- Performance and Essential Materials' of $2.03 billion. The estimate indicates a change of -5.1% from the prior-year quarter.
Analysts forecast 'Net external sales- Housing and Infrastructure Products' to reach $1.13 billion. The estimate points to a change of +1.1% from the year-ago quarter.
The average prediction of analysts places 'Net external sales- Performance and Essential Materials - Performance materials' at $1.20 billion. The estimate suggests a change of +5.7% year over year.
Analysts' assessment points toward 'Net external sales- Performance and Essential Materials - Essential materials' reaching $820.02 million. The estimate suggests a change of -17.7% year over year.
Analysts predict that the 'Net external sales- Housing and Infrastructure Products - Housing products' will reach $915.90 million. The estimate points to a change of -0.2% from the year-ago quarter.
Analysts expect 'Net external sales- Housing and Infrastructure Products - Infrastructure products' to come in at $175.21 million. The estimate suggests a change of -11.1% year over year.
According to the collective judgment of analysts, 'EBITDA- Housing and Infrastructure Products' should come in at $254.20 million. The estimate is in contrast to the year-ago figure of $244 million.
The combined assessment of analysts suggests that 'EBITDA- Performance and Essential Materials' will likely reach $346.30 million. The estimate compares to the year-ago value of $435 million.
Shares of Westlake have demonstrated returns of +2.6% over the past month compared to the Zacks S&P 500 composite's +1.1% change. With a Zacks Rank #3 (Hold), WLK is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About Westlake (WLK) Q2 Earnings
The upcoming report from Westlake Chemical (WLK - Free Report) is expected to reveal quarterly earnings of $1.90 per share, indicating a decline of 17.8% compared to the year-ago period. Analysts forecast revenues of $3.18 billion, representing a decrease of 2.3% year over year.
The current level reflects a downward revision of 3.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Westlake metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net external sales- Performance and Essential Materials' of $2.03 billion. The estimate indicates a change of -5.1% from the prior-year quarter.
Analysts forecast 'Net external sales- Housing and Infrastructure Products' to reach $1.13 billion. The estimate points to a change of +1.1% from the year-ago quarter.
The average prediction of analysts places 'Net external sales- Performance and Essential Materials - Performance materials' at $1.20 billion. The estimate suggests a change of +5.7% year over year.
Analysts' assessment points toward 'Net external sales- Performance and Essential Materials - Essential materials' reaching $820.02 million. The estimate suggests a change of -17.7% year over year.
Analysts predict that the 'Net external sales- Housing and Infrastructure Products - Housing products' will reach $915.90 million. The estimate points to a change of -0.2% from the year-ago quarter.
Analysts expect 'Net external sales- Housing and Infrastructure Products - Infrastructure products' to come in at $175.21 million. The estimate suggests a change of -11.1% year over year.
According to the collective judgment of analysts, 'EBITDA- Housing and Infrastructure Products' should come in at $254.20 million. The estimate is in contrast to the year-ago figure of $244 million.
The combined assessment of analysts suggests that 'EBITDA- Performance and Essential Materials' will likely reach $346.30 million. The estimate compares to the year-ago value of $435 million.
View all Key Company Metrics for Westlake here>>>
Shares of Westlake have demonstrated returns of +2.6% over the past month compared to the Zacks S&P 500 composite's +1.1% change. With a Zacks Rank #3 (Hold), WLK is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>