LyondellBasell Industries NV LYB.N reported quarterly adjusted earnings of 62 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.24. The mean expectation of seventeen analysts for the quarter was for earnings of 80 cents per share. Wall Street expected results to range from 67 cents to $1.03 per share.
Revenue fell 27.5% to $7.66 billion from a year ago; analysts expected $7.52 billion.
LyondellBasell Industries NV's reported EPS for the quarter was 34 cents.
The company reported quarterly net income of $115 million.
LyondellBasell Industries NV shares had risen by 0.1% this quarter and lost 22.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 26.3% in the last three months.
In the last 30 days, seven analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 12 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is "buy."
Wall Street's median 12-month price target for LyondellBasell Industries NV is $65.00, about 10.9% above its last closing price of $57.93
This summary was machine generated from LSEG data August 1 at 01:31 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)