Q3 Earnings Forecast for Westlake Issued By Zacks Research

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Westlake to $1.17, up from $1.02, while maintaining a “Strong Sell” rating. Estimates call for $0.37 EPS in Q4 2026 and $0.50 in Q1 2027.
• Westlake’s shares opened at $76.51, well below their 52-week high of $124.23. Analysts overall hold a consensus “Hold” rating, with an average price target of $93.92.
• The company recently exceeded quarterly earnings and revenue expectations and increased its quarterly dividend to $0.533 per share, or $2.13 annually, representing a 2.8% yield.

Westlake Corporation (NYSE:WLK - Free Report) - Equities research analysts at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for shares of Westlake in a research note issued on Monday, August 24th. Zacks Research analyst Team now anticipates that the specialty chemicals company will post earnings per share of $1.17 for the quarter, up from their previous estimate of $1.02. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Westlake's current full-year earnings is $3.43 per share. Zacks Research also issued estimates for Westlake's Q4 2026 earnings at $0.37 EPS and Q1 2027 earnings at $0.50 EPS.

Other equities analysts have also recently issued research reports about the company. Truist Financial dropped their target price on Westlake from $127.00 to $104.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $115.00 price target on shares of Westlake in a report on Thursday, May 7th. BMO Capital Markets restated a "market perform" rating and issued a $96.00 price target on shares of Westlake in a research note on Monday, July 6th. Morgan Stanley dropped their price objective on Westlake from $106.00 to $92.00 and set an "equal weight" rating on the stock in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group set a $85.00 price objective on Westlake in a research report on Thursday, July 16th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $93.92.

Westlake Price Performance

Shares of NYSE:WLK opened at $76.51 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 2.45 and a debt-to-equity ratio of 0.55. The company has a market cap of $9.78 billion, a P/E ratio of -7.99 and a beta of 0.63. Westlake has a 52 week low of $56.33 and a 52 week high of $124.23. The company has a 50-day moving average price of $76.67 and a 200 day moving average price of $93.49.

Westlake (NYSE:WLK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.18. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.24 billion. Westlake had a positive return on equity of 0.93% and a negative net margin of 10.94%.The company's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the company earned ($1.11) earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in Westlake by 90.0% in the 1st quarter. Royal Bank of Canada now owns 38,687 shares of the specialty chemicals company's stock valued at $3,869,000 after acquiring an additional 18,321 shares during the last quarter. AQR Capital Management LLC increased its holdings in Westlake by 9.6% during the 1st quarter. AQR Capital Management LLC now owns 19,094 shares of the specialty chemicals company's stock valued at $1,881,000 after acquiring an additional 1,668 shares in the last quarter. United Services Automobile Association acquired a new position in Westlake during the first quarter worth about $211,000. Cetera Investment Advisers raised its position in Westlake by 43.6% during the second quarter. Cetera Investment Advisers now owns 4,350 shares of the specialty chemicals company's stock worth $330,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Westlake by 18.2% in the second quarter. Prudential Financial Inc. now owns 3,788 shares of the specialty chemicals company's stock valued at $288,000 after purchasing an additional 582 shares in the last quarter. Hedge funds and other institutional investors own 28.40% of the company's stock.

Insider Activity

In other news, Chairman Albert Chao sold 38,873 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $80.28, for a total transaction of $3,120,724.44. Following the sale, the chairman owned 642,880 shares of the company's stock, valued at $51,610,406.40. The trade was a 5.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Westlake Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.533 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, August 25th. This is a positive change from Westlake's previous quarterly dividend of $0.53. Westlake's payout ratio is -22.13%.

Westlake Company Profile

Westlake Corp. is a global manufacturer of petrochemicals, polymers and building products, serving customers across industrial and residential markets. The company's core operations encompass the production of vinyls—primarily polyvinyl chloride (PVC) and its key feedstock vinyl chloride monomer (VCM)—as well as chlor-alkali products including caustic soda and chlorine. In addition, Westlake produces ethylene, propylene and specialty elastomers, along with construction-related materials such as vinyl siding, trim, windows and roofing systems.

Operating a network of vertically integrated plants and distribution centers, Westlake serves markets in North America, Europe and Asia.

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