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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

LyondellBasell's (LYB) Q4 Earnings & Revenues Miss Estimates

Zacks Equity Research
·2 min read

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

Earnings

LyondellBasell’s adjusted earnings came in at $1.91 per share for the fourth quarter. It missed the Zacks Consensus Estimate of $2.26.

Revenues

Revenues went down 7.9% year over year to $8,179 million in the reported quarter. The figure also trailed the consensus mark of $8,427.1 million.

LyondellBasell Industries N.V. Price and EPS Surprise

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

LyondellBasell Industries N.V. price-eps-surprise | LyondellBasell Industries N.V. Quote

Estimate Trend & Surprise History

Investors should note that the earnings estimate for LyondellBasell for the fourth quarter has seen a downtrend over the last 60 days. LyondellBasell has missed the Zacks Consensus Estimate in three of the trailing four quarters with an average negative surprise of 4.8%.

Key Stats/Developments to Note

LyondellBasell expects normal seasonal improvements in its businesses gradually through the second and third quarters of 2020. The company believes that a rebound in industrial demand as well as favorable resolution of trade policies will provide substantial upside for the industry. It believes that the foundations of cost management, operational excellence and disciplined capital allocation will continue to serve amid the current challenging environment.

Zacks Rank

LyondellBasell currently has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Market Reaction

LyondellBasell’s shares were down 3% 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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LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report
 
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Zacks Investment Research