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LyondellBasell (LYB) Q4 Earnings, Sales Beat Estimates

LyondellBasell Industries N.V.LYB 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 fourth-quarter 2016 release.

Estimate Trend & Surprise History

Investors should note that the earnings estimate for LyondellBasell for the fourth quarter has seen a downtrend over the last 30 days. LyondellBasell has beaten the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average beat of 2.48%.

LyondellBasell Industries NV Price and EPS Surprise

LyondellBasell Industries NV Price and EPS Surprise | LyondellBasell Industries NV Quote

Earnings

LyondellBasell's adjusted earnings were $2.18 per share for the quarter. That topped the Zacks Consensus Estimate of $2.11.

Revenues

LyondellBasell recorded revenues of $7,747 million, up roughly 9.6% year over year. It beat the Zacks Consensus Estimate of $7,177 million.

Key Stats/Developments to Note

LyondellBasell bought back 5.2 million shares during the fourth quarter. Capital expenditures for the quarter were $567 million. The company noted that the industry outlook for 2017 has improved over the past several months.

Zacks Rank

LyondellBasell currently has a Zacks Rank #2 (Buy).

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!

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LyondellBasell Industries NV (LYB): Free Stock Analysis Report

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


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

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