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In the latest trading session, LyondellBasell (LYB) closed at $108.22, marking a -1.6% move from the previous day. This change was narrower than the S&P 500's 2.38% loss on the day. Meanwhile, the Dow lost 1.94%, and the Nasdaq, a tech-heavy index, lost 0.6%.
Prior to today's trading, shares of the oil refiner and chemical company had gained 2.4% over the past month. This has outpaced the Basic Materials sector's gain of 2.26% and the S&P 500's loss of 0.07% in that time.
Wall Street will be looking for positivity from LyondellBasell as it approaches its next earnings report date. In that report, analysts expect LyondellBasell to post earnings of $4.78 per share. This would mark a year-over-year decline of 22.02%. Our most recent consensus estimate is calling for quarterly revenue of $14.41 billion, up 24.61% from the year-ago period.
LYB's full-year Zacks Consensus Estimates are calling for earnings of $17.33 per share and revenue of $54.04 billion. These results would represent year-over-year changes of -4.73% and +17.05%, respectively.
Investors should also note any recent changes to analyst estimates for LyondellBasell. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.23% higher. LyondellBasell is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that LyondellBasell has a Forward P/E ratio of 6.35 right now. This valuation marks a discount compared to its industry's average Forward P/E of 10.68.
Investors should also note that LYB has a PEG ratio of 0.79 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Chemical - Diversified stocks are, on average, holding a PEG ratio of 0.96 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report
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