The 10-second takeaway
For the quarter ended March 31 (Q1), LyondellBasell Industries met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped.
Margins dropped across the board.
LyondellBasell Industries tallied revenue of $11.88 billion. The 11 analysts polled by S&P Capital IQ foresaw a top line of $11.93 billion on the same basis. GAAP reported sales were 3.0% lower than the prior-year quarter's $12.25 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.07. The 12 earnings estimates compiled by S&P Capital IQ predicted $1.05 per share. GAAP EPS of $1.05 for Q1 were 8.7% lower than the prior-year quarter's $1.15 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 10.2%, 50 basis points worse than the prior-year quarter. Operating margin was 8.0%, 70 basis points worse than the prior-year quarter. Net margin was 5.1%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $13.22 billion. On the bottom line, the average EPS estimate is $1.44.
Next year's average estimate for revenue is $50.17 billion. The average EPS estimate is $4.98.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 81 members out of 84 rating the stock outperform, and three members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give LyondellBasell Industries a green thumbs-up, and none give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LyondellBasell Industries is outperform, with an average price target of $50.25.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.