Quantcast

LyondellBasell (LYB) Q2 Earnings, Sales Beat Estimates


Shutterstock photo

LyondellBasell Industries N.V. LYB is among the leading plastics, chemical and refining companies globally.

Earnings

LyondellBasell's adjusted earnings came in at $3.34 per share for the second quarter. It surpassed the Zacks Consensus Estimate of $2.90.

Revenues

LyondellBasell recorded revenues of $10,206 million, up roughly 21.5% year over year. It also beat the Zacks Consensus Estimate of $9,111.1 million.

LyondellBasell Industries N.V. Price and EPS Surprise

LyondellBasell Industries N.V. Price and EPS Surprise | LyondellBasell Industries N.V. Quote

Estimate Trend & Surprise History

Investors should note that the earnings estimate for LyondellBasell for the second quarter has seen a downtrend over the last 30 days. LyondellBasell has beaten the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with an average positive surprise of 5.7%.

Key Stats/Developments to Note

LyondellBasell stated that it is well-positioned to drive earnings growth over the coming quarters with operational and market improvements in Refining, strong performance in Intermediates and Derivatives, the A. Schulman buyout and the start-up of Hyperzone HDPE plant in 2019. Earnings are also expected to benefit from increased profitability for its refinery, which should benefit from the impact of new marine fuel regulations in the second-half of 2019.

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!

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

LyondellBasell Industries N.V. (LYB): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Symbols: LYB



More from Zacks.com

Subscribe






Zacks.com
Contributor:

Zacks.com

Equity Research










Research Brokers before you trade

Want to trade FX?