Key Points Q3'24 EPS and EBITDA miss on volume declines Management's near-term commentary mixed We rate WLK shares Overweight; our 12-month Target Price is USD185 Summary Westlake Corporation announced Q3’24 earnings this morning: Reported recurring...
Key Points Slowing demand on the back of a weak housing and construction end-market had put downward pressure on PVC prices and margins See global demand growth outstripping global supply growth in...
Key Points Consensus 2024 earnings estimates undemanding, in our view. Macro trends could propel significant medium-term earnings growth Earnings power on the back of recent acquisitions still underappreciated. Valuation highly attractive on...
Key Points Q2'24 EPS and EBITDA beat on HIP segment strength Management's near-term commentary positive We rate WLK shares Overweight; our 12-month Target Price is USD185 Summary Westlake Corporation announced Q2’24 earnings this morning: Reported...
Key Points Widening delta between U.S. and Asian prices, relatively tepid demand, bloated Chinese inventories, and slack supply/demand point to near-term polyethylene price and margin headwinds Higher Brent crude oil prices and...
Key Points Consensus 2024 earnings estimates undemanding, in our view Earnings power on the back of recent acquisitions still underappreciated. Valuation highly attractive on a normal basis We rate WLK shares Overweight with...