The 10-second takeaway
For the quarter ended Dec. 31 (Q4), LyondellBasell Industries missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew.
Margins grew across the board.
LyondellBasell Industries booked revenue of $11.10 billion. The 13 analysts polled by S&P Capital IQ foresaw sales of $11.27 billion on the same basis. GAAP reported sales were 3.0% lower than the prior-year quarter's $11.44 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 $1.13. The 18 earnings estimates compiled by S&P Capital IQ forecast $1.15 per share. GAAP EPS were $1.10 for Q4 compared to -$0.37 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 11.4%, 550 basis points better than the prior-year quarter. Operating margin was 8.6%, 550 basis points better than the prior-year quarter. Net margin was 5.7%, 760 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $11.43 billion. On the bottom line, the average EPS estimate is $1.34.
Next year's average estimate for revenue is $45.96 billion. The average EPS estimate is $5.89.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 104 members out of 108 rating the stock outperform, and four members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give LyondellBasell Industries a green thumbs-up, and 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 $58.11.
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