Advertisement
Singapore markets closed

  • Straits Times Index

    3,299.46
    -3.73 (-0.11%)
     

  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     

  • Dow

    38,852.27
    +176.59 (+0.46%)
     

  • Nasdaq

    16,349.25
    +192.92 (+1.19%)
     

  • Bitcoin USD

    64,258.79
    -1,068.75 (-1.64%)
     

  • CMC Crypto 200

    1,332.00
    -33.12 (-2.43%)
     

  • FTSE 100

    8,296.90
    +83.41 (+1.02%)
     

  • Gold

    2,323.80
    -7.40 (-0.32%)
     

  • Crude Oil

    78.65
    +0.17 (+0.22%)
     

  • 10-Yr Bond

    4.4890
    -0.0110 (-0.24%)
     

  • Nikkei

    38,835.10
    +599.03 (+1.57%)
     

  • Hang Seng

    18,479.37
    -98.93 (-0.53%)
     

  • FTSE Bursa Malaysia

    1,605.68
    +8.29 (+0.52%)
     

  • Jakarta Composite Index

    7,123.61
    -12.28 (-0.17%)
     

  • PSE Index

    6,618.58
    -33.91 (-0.51%)
     

LyondellBasell (LYB) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·3-min read

LyondellBasell (LYB) reported $9.93 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.1%. EPS of $1.53 for the same period compares to $2.50 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $9.46 billion, representing a surprise of +4.89%. The company delivered an EPS surprise of +7.75%, with the consensus EPS estimate being $1.42.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how LyondellBasell performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Refining - Volume - Heavy crude oil processing rate: 212 thousands of barrels of oil per day versus the two-analyst average estimate of 230.5 thousands of barrels of oil per day.

  • Revenues- Advanced Polymer Solutions: $965 million versus the three-analyst average estimate of $957.02 million. The reported number represents a year-over-year change of -3.2%.

  • Revenues- Olefins and Polyolefins- Americas: $2.87 billion versus the three-analyst average estimate of $2.73 billion. The reported number represents a year-over-year change of +2.2%.

  • Revenues- Olefins and Polyolefins- Europe, Asia, International: $2.75 billion compared to the $2.53 billion average estimate based on three analysts. The reported number represents a change of -5.1% year over year.

  • Revenues- Other/Eliminations: -$1.52 billion versus the three-analyst average estimate of -$1.42 billion. The reported number represents a year-over-year change of +4.3%.

  • Revenues- Refining: $2.09 billion compared to the $1.68 billion average estimate based on three analysts. The reported number represents a change of -4.6% year over year.

  • Revenues- Technology: $192 million versus the three-analyst average estimate of $154.74 million. The reported number represents a year-over-year change of +38.1%.

  • Revenues- Intermediates & Derivatives: $2.59 billion compared to the $2.70 billion average estimate based on three analysts. The reported number represents a change of -3.6% year over year.

  • EBITDA- Olefins & Polyolefins- Americas: $521 million versus the three-analyst average estimate of $577.58 million.

  • EBITDA- Olefins & Polyolefins- Europe, Asia, International: $14 million versus -$13.90 million estimated by three analysts on average.

  • EBITDA- Intermediates & Derivatives: $312 million versus the three-analyst average estimate of $361.51 million.

  • EBITDA- Advanced Polymer Solutions: $35 million versus the three-analyst average estimate of $19.25 million.

View all Key Company Metrics for LyondellBasell here>>>

Shares of LyondellBasell have returned -2.5% over the past month versus the Zacks S&P 500 composite's -3.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research