What is Zacks Research’s Forecast for Westlake Q3 Earnings?

Westlake Corp. (NYSE:WLK) – Analysts at Zacks Research cut their Q3 2026 earnings per share estimates for shares of Westlake in a research note issued on Tuesday, July 15th. Zacks Research analyst R. Department now anticipates that the specialty chemicals company will earn $1.57 per share for the quarter, down from their previous estimate of $1.76. The consensus estimate for Westlake’s current full-year earnings is $6.48 per share. Zacks Research also issued estimates for Westlake’s Q4 2026 earnings at $0.38 EPS and Q1 2027 earnings at $0.92 EPS.

Westlake (NYSE:WLK) last announced its earnings results on Friday, May 2nd. The specialty chemicals company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($1.01). Westlake had a return on equity of 4.19% and a net margin of 3.23%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the company posted $1.34 EPS. The firm’s revenue was down 4.3% on a year-over-year basis.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company raised their price objective on Westlake from $76.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. UBS Group reduced their price objective on Westlake from $101.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, July 9th. Morgan Stanley reduced their price objective on Westlake from $122.00 to $98.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. Bank of America reduced their price objective on Westlake from $90.00 to $84.00 and set a “buy” rating for the company in a research report on Wednesday, June 18th. Finally, Royal Bank Of Canada lifted their target price on Westlake from $88.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Westlake presently has a consensus rating of “Hold” and an average target price of $93.77.

Westlake Stock Down 2.5%

Shares of NYSE:WLK opened at $81.37 on Thursday. Westlake has a 52-week low of $68.55 and a 52-week high of $153.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.86 and a current ratio of 2.63. The firm has a market capitalization of $10.43 billion, a P/E ratio of 27.31, a P/E/G ratio of 9.95 and a beta of 0.91. The stock has a 50 day moving average price of $77.48 and a 200-day moving average price of $94.79.

Westlake Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Tuesday, May 20th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, May 20th. Westlake’s payout ratio is currently 70.47%.

Institutional Trading of Westlake

Large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Westlake by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 557,943 shares of the specialty chemicals company’s stock valued at $63,832,000 after purchasing an additional 5,297 shares in the last quarter. Private Trust Co. NA lifted its position in Westlake by 251.1% during the first quarter. Private Trust Co. NA now owns 316 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 226 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Westlake by 4.6% during the first quarter. Asset Management One Co. Ltd. now owns 12,253 shares of the specialty chemicals company’s stock valued at $1,226,000 after purchasing an additional 534 shares in the last quarter. Fifth Third Bancorp lifted its position in Westlake by 71.9% during the first quarter. Fifth Third Bancorp now owns 514 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 215 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Westlake by 2.7% during the first quarter. Janney Montgomery Scott LLC now owns 61,134 shares of the specialty chemicals company’s stock valued at $6,115,000 after purchasing an additional 1,635 shares in the last quarter. Institutional investors own 28.40% of the company’s stock.

About Westlake

Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products.