LyondellBasell Industries N.V. (LYB - Free Report) is among the leading plastics, chemical and refining companies globally.
Earnings
LyondellBasell’s adjusted earnings came in at $2.22 per share for the first quarter. It beat the Zacks Consensus Estimate of $2.20.
Revenues
LyondellBasell recorded revenues of $8,778 million, down roughly 10% year over year. The figure also trailed the Zacks Consensus Estimate of $9,077.9 million.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for LyondellBasell for the first quarter has seen a downtrend over the last 30 days. LyondellBasell has beaten the Zacks Consensus Estimate in three of the trailing four quarters with an average positive surprise of 5.2%.
Key Stats/Developments to Note
LyondellBasell said that it has witnessed signs of industry improvement in the first few weeks of April. Strong market sentiment is driving margins in its Olefins & Polyolefins - EAI segment, the company noted. Moreover, LyondellBasell is seeing volume improvement in its Olefins & Polyolefins – Americas unit. The company is also witnessing an improvement in the refining market with higher gasoline spreads and wider discounts for heavy sour crude oil.
The company noted that it will advance its growth strategy and boost earnings with a strong pipeline of licensing revenues for 2019 as well as the start-up of its world-scale HDPE plant in the third quarter.
Zacks Rank
LyondellBasell currently has a Zacks Rank #3 (Hold). Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
LyondellBasell’s shares were inactive in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on LyondellBasell’s earnings report!
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LyondellBasell Industries N.V. (LYB - Free Report) is among the leading plastics, chemical and refining companies globally.
Earnings
LyondellBasell’s adjusted earnings came in at $2.22 per share for the first quarter. It beat the Zacks Consensus Estimate of $2.20.
Revenues
LyondellBasell recorded revenues of $8,778 million, down roughly 10% year over year. The figure also trailed the Zacks Consensus Estimate of $9,077.9 million.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for LyondellBasell for the first quarter has seen a downtrend over the last 30 days. LyondellBasell has beaten the Zacks Consensus Estimate in three of the trailing four quarters with an average positive surprise of 5.2%.
Key Stats/Developments to Note
LyondellBasell said that it has witnessed signs of industry improvement in the first few weeks of April. Strong market sentiment is driving margins in its Olefins & Polyolefins - EAI segment, the company noted. Moreover, LyondellBasell is seeing volume improvement in its Olefins & Polyolefins – Americas unit. The company is also witnessing an improvement in the refining market with higher gasoline spreads and wider discounts for heavy sour crude oil.
The company noted that it will advance its growth strategy and boost earnings with a strong pipeline of licensing revenues for 2019 as well as the start-up of its world-scale HDPE plant in the third quarter.
Zacks Rank
LyondellBasell currently has a Zacks Rank #3 (Hold). Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
LyondellBasell’s shares were inactive in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on LyondellBasell’s earnings report!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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