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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 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'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!
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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LyondellBasell (LYB) Q4 Earnings, Sales Beat Estimates
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 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!
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>