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LyondellBasell (LYB) Q1 Earnings Miss Estimates, Sales Beat
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LyondellBasell Industries N.V. (LYB - Free Report) is among the leading plastics, chemical and refining companies globally. The company’s products are used across a bevy of industries including electronics, automotive parts, packaging, construction materials and biofuels. LyondellBasell is a leading producer of olefins and polyolefins globally.
LyondellBasell continues to benefit from the favorable North American natural gas environment. The company is executing its expansion projects to leverage the U.S. natural gas liquids (NGLs) advantage. LyondellBasell also remains committed to boosting shareholder returns by leveraging healthy cash flows.
Let’s have a quick look at this Netherlands-based chemical giant’s first-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for LyondellBasell for the first quarter has seen an uptrend over the last 30 days. LyondellBasell has beaten the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average beat of 2.25%.
LyondellBasell Industries NV Price and EPS Surprise
LyondellBasell's adjusted earnings came in at $2.26 per share for the quarter. That missed the Zacks Consensus Estimate of $2.33.
Revenues
LyondellBasell recorded revenues of $8,430 million, up roughly 25% year over year. It beat the Zacks Consensus Estimate of $7,877 million.
Key Stats/Developments to Note
LyondellBasell bought back 1.5 million shares during the quarter. Share buybacks and dividends totalled $0.5 billion in the reported quarter.
Zacks Rank
LyondellBasell currently has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
LyondellBasell’s shares were inactive following the release. 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!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
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LyondellBasell (LYB) Q1 Earnings Miss Estimates, Sales Beat
LyondellBasell Industries N.V. (LYB - Free Report) is among the leading plastics, chemical and refining companies globally. The company’s products are used across a bevy of industries including electronics, automotive parts, packaging, construction materials and biofuels. LyondellBasell is a leading producer of olefins and polyolefins globally.
LyondellBasell continues to benefit from the favorable North American natural gas environment. The company is executing its expansion projects to leverage the U.S. natural gas liquids (NGLs) advantage. LyondellBasell also remains committed to boosting shareholder returns by leveraging healthy cash flows.
Let’s have a quick look at this Netherlands-based chemical giant’s first-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for LyondellBasell for the first quarter has seen an uptrend over the last 30 days. LyondellBasell has beaten the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average beat of 2.25%.
LyondellBasell Industries NV Price and EPS Surprise
LyondellBasell Industries NV Price and EPS Surprise | LyondellBasell Industries NV Quote
Earnings
LyondellBasell's adjusted earnings came in at $2.26 per share for the quarter. That missed the Zacks Consensus Estimate of $2.33.
Revenues
LyondellBasell recorded revenues of $8,430 million, up roughly 25% year over year. It beat the Zacks Consensus Estimate of $7,877 million.
Key Stats/Developments to Note
LyondellBasell bought back 1.5 million shares during the quarter. Share buybacks and dividends totalled $0.5 billion in the reported quarter.
Zacks Rank
LyondellBasell currently has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
LyondellBasell’s shares were inactive following the release. 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!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>