Westlake Chemical (WLK) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Westlake Chemical, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Westlake Chemical is expected to report quarterly earnings of $1.04 per share, reflecting a year-over-year increase of 44.4$2.89 billion, marking a 2.4% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.93% higher in the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP reading suggests a potential earnings beat, particularly when combined with a strong Zacks Rank [8]. Earnings Surprise Prediction - The Most Accurate Estimate for Westlake is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.55%, indicating bearish sentiment among analysts [10][11]. - Westlake currently holds a Zacks Rank of 4, complicating predictions for an earnings beat [11]. Historical Performance - In the last reported quarter, Westlake was expected to earn $2.12 per share but only achieved$1.41, resulting in a surprise of -33.49% [12]. - Over the past four quarters, Westlake has beaten consensus EPS estimates twice [13]. Conclusion - Westlake does not appear to be a strong candidate for an earnings beat, and investors should consider additional factors before making investment decisions [16].