LyondellBasell Industries NV Second Quarter Earnings Sneak Peek

LyondellBasell Industries NV (NYSE:LYB) will unveil its latest earnings on Friday, July 27, 2012. Lyondellbasell Industries is an independent chemical company. It is a producer of polypropylene and polypropylene compounds (PP compounds) and a producer of propylene oxide (PO), polyethylene (PE), ethylene, and propylene.

LyondellBasell Industries NV Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.41 per share, a decline of 5.4% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from $1.42 during the last month. For the year, analysts are projecting profit of $4.76 per share, a rise of 1.1% from last year.

Last quarter, the company came in at net income of $1.08 per share against a mean estimate of profit of $1.04 per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by 35 cents.

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Stock Price Performance: Between April 26, 2012 and July 23, 2012, the stock price fell $4.50 (-9.9%), from $45.53 to $41.03. The stock price saw one of its best stretches over the last year between January 23, 2012 and February 1, 2012, when shares rose for eight straight days, increasing 10.8% (+$4.26) over that span. It saw one of its worst periods between July 5, 2012 and July 12, 2012 when shares fell for six straight days, dropping 6.4% (-$2.69) over that span.

A Look Back: In the first quarter, profit fell 9.5% to $600 million ($1.04 a share) from $663 million ($1.15 a share) the year earlier, but exceeded analyst expectations. Revenue fell 3% to $11.88 billion from $12.25 billion.

Analyst Ratings: With 11 analysts rating the stock a buy, one rating it a sell and one rating the stock a hold, there are indications of a bullish stance by analysts.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 7.9% in the fourth quarter of the last fiscal year and 29.1% in the third quarter of the last fiscal year before falling in the first quarter.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.45 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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