Westlake Chemical Corporation to Witness $1.23 for Q2 in 2015


Published Date : Aug 13, 2015

The analysts at Wall Street expect Westlake Chemical Corporation to state their earnings per share of $1.23 for the fiscal quarter of this year. This figure depends on the average approximation of various research firms that cover the overall stock.    

The corporation most recently has reported earnings per share of $1.41 for the quarter in June end.

The number was 0.24 far from what the analysts had expected. The difference was of 20.51%.

On a scale of 1 to 5, the 5 rating represents a Strong Sell, whereas 1 represents Strong Buy. 

Westlake Chemical Corporation has a rating of 2, which is assessed on 8 research broker recommendation. The corporation is expected to reach $84 within the year. The most conservation price target set by the analyst is $65 for the one year target.

For the coming years, the long-term growth estimated for the firm is anticipated to be earnings per share of $N/A for 2015, states the analysts. It is expected to be the most bullish estimate earnings per share of $N/A. 

On the other hand, the most tolerant estimates are of EPS ($N/A) for the current year. 

Westlake Chemical Corporation is a marketer of basic chemicals and a vertically integrated producer of polymers and fabricated building products as well as vinyls. The company’s products are used by many diverse consumer and industrial markets, worldwide. They are also used by flexible and rigid packaging, coatings, automotive products, commercial construction, and residential applications, in addition to the durable and non-durable goods.  

The company operates on two business segments, Vinyls and Olefins. According to February, 2013, the company earned 11.8 bn pounds p.a. of aggregate production capacity at majorly 13 manufacturing sites in North America. 

It also holds a joint venture in China accounting for 59% interest, mainly operating in the vinyls facility