LyondellBasell Industries NVNYSE: LYB

LyondellBasell Industries has not performed well, experiencing a 4% loss in the last year and a 15% drop from its highest point in 52 weeks, mainly because of low demand in China. While the company is doing well in the US, it is facing difficulties globally, with its European operations looking for new strategies and the refining unit possibly shutting down. Although LYB has a solid financial position and offers a 6.2% dividend yield, it is struggling to gain momentum due to decreasing returns on capital and slow economic growth.

While the revenue and earnings per share (EPS) for LyondellBasell (LYB) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

In the third quarter, LYB experienced increased polyethylene margins in North America due to lower costs for ethane and natural gas, along with rising polyethylene prices.

LyondellBasell (LYB) reported quarterly earnings of $1.88 per share, which is lower than the Zacks Consensus Estimate of $2.03 per share. This is a decrease compared to earnings of $2.46 per share from the same period last year.

In the third quarter of 2024, the company reported a net income of $573 million, or $617 million when excluding certain identified items. The diluted earnings per share were $1.75, increasing to $1.88 when excluding those items. Additionally, the company generated $670 million in cash from operations and returned $479 million to shareholders through dividends and share buybacks, while also making progress towards its sustainability goals.

Instead of just focusing on Wall Street's predictions for LyondellBasell's (LYB) earnings, let's explore some important metrics to better understand how the company might perform in the quarter that ended in September 2024. This will give us a clearer picture of its potential results.

LyondellBasell (LYB) lacks the necessary mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

LyondellBasell has announced that it has fully acquired APK AG in Merseburg, Germany, with plans to enhance solvent-based recycling technology and scale it for commercial use. The company aims to secure jobs and develop expertise through this integration. The plant will be converted to recycle post-consumer plastic waste.

HOUSTON and LONDON, Oct. 04, 2024 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB), a major player in the global chemical sector, will release its financial results for the third quarter of 2024 before the U.S. market opens on Friday, Nov. 1. A webcast and teleconference to discuss these results will take place at 11 a.m. EDT, hosted by David Kinney, the head of investor relations. You can access the webcast 10 to 15 minutes before the call starts at www.lyondellbasell.com/earnings.