Wall Street analysts update Westlake price projections before Q4 earnings
Westlake Corporation is set to release its fourth-quarter financial results before the market opens on Monday, February 24, 2025. Analysts are anticipating earnings of $1.17 per share, a significant increase from the 53 cents per share reported in the same period a year ago. Revenue for the quarter is projected to be around $2.97 billion, up from $2.83 billion in the previous year, based on information from Benzinga Pro.
In the third quarter of the year, Westlake posted earnings that were below expectations, leading to a 1.9% decline in the company’s stock price, which closed at $111.40 on Thursday. Readers of Benzinga can access the most recent analyst ratings on the Analyst Stock Ratings page and filter results by various criteria, such as stock ticker, company name, analyst firm, or rating change.
Several analysts have recently provided their views on Westlake Corporation. Citigroup analyst Patrick Cunningham upgraded the stock from Neutral to Buy and adjusted the price target from $152 to $140 on December 18, 2024, possessing a 63% accuracy rate. BMO Capital analyst John McNulty maintained a Market Perform rating and lowered the price target from $171 to $165 on November 13, 2024, with a 63% accuracy rate.
UBS analyst Joshua Raskin maintained a Neutral rating and decreased the price target from $160 to $144 on November 6, 2024, with an 80% accuracy rate. Wells Fargo analyst Michael Sison kept an Overweight rating but decreased the price target from $180 to $160 on the same day, with a 67% accuracy rate.
JP Morgan analyst Jeffrey Zekauskas maintained an Underweight rating while increasing the price target from $123 to $135 on August 15, 2024, with a 67% accuracy rate. If considering investing in WLK stock, it is advisable to review the perspectives of these analysts.
In summary, Westlake Corporation is expected to report robust earnings growth for the fourth quarter of 2025, with analysts forecasting positive results. Stay updated on the latest stock movements and trading ideas by following Benzinga India’s Telegram channel for real-time updates.
