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LyondellBasell (LYB) Earnings & Sales Top Estimates in Q3

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

Earnings

LyondellBasell’s adjusted earnings came in at $2.96 per share for the third quarter. It surpassed the Zacks Consensus Estimate of $2.73.

Revenues

LyondellBasell recorded revenues of $10,155 million, up roughly 19.2% year over year. It also beat the Zacks Consensus Estimate of $9,564 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 third quarter has seen an uptrend 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 8.4%.

Key Stats/Developments to Note

LyondellBasell expects to drive operational and business improvements in Refining, Technology and Intermediates and Derivatives businesses in the fourth quarter. The company said that it is well-placed to capture value with expanded access to markets, incremental synergies from the integration of A. Schulman acquisition and the formation of the new Advanced Polymer Solutions segment.
 
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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