LyondellBasell Industries N.V. Second Quarter Earnings Sneak Peek

LyondellBasell Industries N.V. (NASDAQ:LYB) will unveil its latest earnings on Friday, July 29, 2011. Lyondellbasell Industries NV is an independent chemical company. It is a producer of polypropylene and polypropylene compounds (PP compounds) and a producer of propylene oxide (PO), polyethylene (PE), ethylene and propylene.

LyondellBasell Industries N.V. Earnings Preview Cheat Sheet

The mean estimate of analysts is for net income of $1.21 per share. During the past three months, the average estimate has moved up from 92 cents. Between one and three months ago, the average estimate moved up, and has risen from $1.19 during the last month.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of $1.23 per share versus a mean estimate of net income of 75 cents per share.

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Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

Competitors to Watch: TPC Group, Inc. (NASDAQ:TPCG), BASF SE (BASFY), Braskem SA (NYSE:BAK), Sasol Limited (NYSE:SSL), Westlake Chemical Corp. (NYSE:WLK), W.R. Grace & Co. (NYSE:GRA), The Dow Chemical Company (NYSE:DOW), Repsol YPF, S.A. (REPYY), and Sinopec Shanghai Petrochemical Co. (NYSE:SHI).

Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had fallen $7.52 (-16.5%) from $45.52 to $38. The stock price saw one of its best stretches over the last year between February 8, 2011 and February 17, 2011 when shares rose for eight-straight days, rising 8.8% (+$3.11) over that span. It saw one of its worst periods between March 24, 2011 and March 31, 2011 when shares fell for six-straight days, falling 2.1% (-84 cents) over that span. Shares are up $3.68 (+10.7%) year to date.

(Source: Xignite Financials)

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