LyondellBasell Industries NV (NYSE:LYB) is reporting third quarter financial results on Friday 30th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, LYB is expected to report 3Q20 income of $ 1.12 per share from revenue of $ 6726.48 million.
For the full year, analysts anticipate top line of $ 26516.40 million, while looking forward to income of $ 4.79 per share bottom line.
Previous Quarter Performance
LyondellBasell Industries NV announced income for the second quarter of $ 0.68 per share, from the revenue of $ 5,546.00 million. The quarterly earnings contracted 75.18 percent while revenues down 38.70 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.65 per share from $ 5661.25 million in revenue. The bottom line results beat street analysts by $ 0.03 or 4.62 percent, at the same time, top line results fell short of analysts by $ 115.25 million or 2.04 percent.
Stock Performance
Shares of LyondellBasell Industries NV traded up $ 2.88 or 4.15 percent on Thursday, reaching $ 72.21 with volume of 2.24 million shares. LyondellBasell Industries NV has traded high as $ 72.53 and has cracked $ 68.74 on the downward trend
According to the previous trading day, closing price of $ 72.21, representing a 105.67 % increase from the 52 week low of $ 33.71 and a 29.91 % decrease over the 52 week high of $ 98.91.
The company has a market capital of $ 24.11 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 85.00 target price.
- On 6th October 2020, maintained by UBS Group at Neutral rating, with $ 74.00 target price.
- On 30th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 85.00 target price.
- On 22nd September 2020, initiated by Evercore ISI at Outperform rating.
- On 16th September 2020, downgraded by HSBC to Hold from Buy rating.
Conference Call
LyondellBasell Industries NV will be hosting a conference call at 11:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lyondellbasell.com
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.
