LyondellBasell Industries NV reports results for the quarter ended in March - Earnings Summary

• LyondellBasell Industries NV LYB reported quarterly adjusted earnings of $1.53​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $2.51. The mean expectation of nineteen analysts for the quarter was for earnings of $1.37 per share. Wall Street expected results to range from $1.10 to $1.50 per share.

• Revenue fell 3.1% to $9.93 billion from a year ago; analysts expected $9.73 billion.

• LyondellBasell Industries NV's reported EPS for the quarter was $1.44​.

• The company reported quarterly net income of $473 million.

• LyondellBasell Industries NV shares had fallen by 2.5% this quarter and gained 4.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.3% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 15 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the commodity chemicals peer group is also "hold"

Wall Street's median 12-month price target for LyondellBasell Industries NV is $101.47

This summary was machine generated from LSEG data April 26 at 03:36 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)