Earnings Preview: Westlake
Portfolio Pulse from Benzinga Insights
Westlake (NYSE:WLK) is scheduled to release its quarterly earnings report on February 20, 2024, with an estimated EPS of $0.90. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Westlake's past earnings performance shows a pattern of beating EPS estimates, leading to positive stock price movements. The company's shares have seen a 25.76% increase over the last 52 weeks, trading at $144.25 as of February 15.
February 19, 2024 | 2:01 pm
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POSITIVE IMPACT
Westlake is anticipated to report an EPS of $0.90 for the upcoming quarter. Historical data shows positive stock movement following earnings beats and guidance updates. Shares have increased by 25.76% over the past year.
Given Westlake's history of surpassing EPS estimates and the subsequent positive impact on its stock price, there is a high likelihood of a positive short-term impact on WLK's stock price if the company beats the EPS estimate again and provides favorable guidance. The anticipation of this event, combined with the company's strong performance over the last year, supports a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100