Westlake Chemical Earnings Preview
Portfolio Pulse from Benzinga Insights
Westlake Chemical (NYSE:WLKP) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $0.45. The company's past earnings performance shows a mix of misses and beats, with the stock price reacting accordingly. Shares have been trading at $22.25 as of February 15, marking a 5.06% decline over the last 52 weeks. Investors are looking for positive guidance for the next quarter beyond the EPS figures.
February 19, 2024 | 5:01 pm
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Westlake Chemical is expected to report an EPS of $0.45 for the upcoming quarter, with past performance showing a mix of earnings misses and beats. The stock has declined 5.06% over the last year, with investors keen on future guidance.
The short-term impact on WLKP's stock price will likely hinge on whether the company meets or exceeds the expected EPS of $0.45 and what guidance it provides for future growth. Given the stock's recent performance and the importance of forward-looking statements, the market's reaction could be mixed. Historical data suggests that the company's stock price is sensitive to earnings reports and guidance, but the overall negative trend over the past year indicates investor caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100