LyondellBasell Industries (NYS: LYB) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), LyondellBasell Industries missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share expanded significantly.
Margins expanded across the board.
LyondellBasell Industries booked revenue of $10.67 billion. The 14 analysts polled by S&P Capital IQ expected to see a top line of $11.20 billion on the same basis. GAAP reported sales were 9.1% lower than the prior-year quarter's $11.73 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 $1.56. The 19 earnings estimates compiled by S&P Capital IQ forecast $1.44 per share. GAAP EPS of $1.56 for Q1 were 50% higher than the prior-year quarter's $1.04 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 14.2%, 380 basis points better than the prior-year quarter. Operating margin was 11.9%, 370 basis points better than the prior-year quarter. Net margin was 8.4%, 330 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $11.83 billion. On the bottom line, the average EPS estimate is $1.67.
Next year's average estimate for revenue is $45.69 billion. The average EPS estimate is $6.08.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 100 members out of 104 rating the stock outperform, and four members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 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 $69.56.
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The article LyondellBasell Industries Beats Analyst Estimates on EPS originally appeared on Fool.com.
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