LyondellBasell (LYB) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $2.46 per share a year ago.
LYB's third-quarter performance is likely to have benefited from favorable demand and lower feedstock and energy costs amid storm-related headwinds.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for LyondellBasell (LYB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
LyondellBasell (LYB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LYB and Dacia are collaborating to set a new benchmark for automotive design and inspire the industry to embrace a more sustainable future.
LyondellBasell's stock has outperformed the basic materials segment, while offering a very attractive dividend yield. The 5.6% yield is in stark contrast to that of the S&P 500, which is near all-time lows. There aren't any immediate risks for the dividend, beyond that of a major recession in the U.S.
The investment aligns with LYB's goal of producing and marketing at least 2 million metric tons of recycled and renewable-based polymers annually by 2030.
LyondellBasell (LYB) believes APK's solvent-based recycling technology complements its existing mechanical and sophisticated recycling technologies.
The Hostacom foaming material is developed with cutting-edge LyondellBasell (LYB) catalyst technology, which improves the rheology of the PP polymer matrix.
LyondellBasell Industries operates as a chemical company in the US and internationally. Our updated two-stage dividend discount model values LYB stock at $136, significantly above the current price. A set of traditional price multiples also indicates undervaluation. Quarterly earnings show growth and commitment to returning value shareholders.
While the top- and bottom-line numbers for LyondellBasell (LYB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
LyondellBasell Industries N.V. (NYSE:LYB ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Corporate Participants David Kinney - Head, IR Peter Vanacker - Chief Executive Officer Michael McMurray - Chief Financial Officer Kim Foley - EVP, Intermediates, Derivatives & Refining Aaron Ledet - EVP, Intermediates and Derivatives Torkel Rhenman - EVP, Advanced Polymer Solutions Conference Call Participants Steve Byrne - Bank of America Matthew Blair - TPH Frank Mitsch - Fermium Research John Roberts - Mizuho Securities David Begleiter - Deutsche Bank Kevin McCarthy - Vertical Research Partners Chris Perrella - UBS Hassan Ahmed - Alembic Global Vincent Andrews - Morgan Stanley Operator Hello and welcome to the LyondellBasell Teleconference.