S&P 500 (NYSE:SPY) component LyondellBasell Industries NV (NYSE:LYB) will unveil its latest earnings on Friday, October 26, 2012. Lyondellbasell Industries 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 NV Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.44 per share, a decline of 5.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.33. Between one and three months ago, the average estimate moved up. It has risen from $1.37 during the last month. Analysts are projecting profit to rise by 10.6% versus last year to $5.21.
Past Earnings Performance: Last quarter, the company beat estimates by 25 cents, coming in at net income of $1.66 per share against an estimate of profit of. The company also topped expectations in the first quarter.
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Stock Price Performance: Between July 27, 2012 and October 22, 2012, the stock price rose $10.96 (24.6%), from $44.51 to $55.47. The stock price saw one of its best stretches over the last year between January 23, 2012 and February 1, 2012, when shares rose for eight straight days, increasing 10.8% (+$4.26) over that span. It saw one of its worst periods between July 18, 2012 and July 25, 2012 when shares fell for six straight days, dropping 4.3% (-$1.82) over that span.
A Look Back: In the second quarter, profit fell 4.2% to $770 million ($1.33 a share) from $804 million ($1.38 a share) the year earlier, but exceeded analyst expectations. Revenue fell 19.9% to $11.25 billion from $14.04 billion.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.91 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.
On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 3% in the first quarter and dropped again in the second quarter.
Analyst Ratings: With 12 analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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