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LyondellBasell Industries (NYSE: LYB) announces its next round of earnings this Friday, July 31. Here is Benzinga's everything-that-matters guide for this Friday's Q2 earnings announcement.
Earnings and Revenue
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Wall Street analysts see LyondellBasell Industries reporting earnings of $0.65 per share on revenue of $5.66 billion. In the same quarter last year, LyondellBasell Industries reported earnings per share of $2.70 on sales of $9.05 billion. The Wall Street estimate would represent a 75.93% decline in the company's earnings. Revenue would be down 25.53% from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.50 | 2.25 | 2.76 | 2.83 |
| EPS Actual | 1.47 | 1.92 | 2.60 | 2.70 |
| Revenue Estimate | 7.60 B | 8.46 B | 9.07 B | 9.63 B |
| Revenue Actual | 7.49 B | 8.18 B | 8.72 B | 9.05 B |
Stock Performance
Over the last 52-week period, shares are down 13.8%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. LyondellBasell Industries is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://www.lyondellbasell.com/en/investors/company-earnings/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.