Can LyondellBasell (LYB) Post A Beat This Earnings Season?

 | Jan 30, 2018 08:45PM ET

LyondellBasell Industries (NYSE:LYB) is set to release fourth-quarter 2017 results ahead of the bell on Feb 2.
The company’s adjusted earnings of $2.41 per share for the third quarter missed the Zacks Consensus Estimate of $2.43. However, revenues increased roughly 15.6% year over year to $8,516 million, beating the consensus mark of $8,090 million.
LyondellBasell has surpassed the Zacks Consensus Estimate in two of the trailing four quarters while missing in the other two with an average positive earnings surprise of 0.9%.
In the past six months, shares of the company have gained 33.2%, outperforming the

LyondellBasell Industries NV Quote

Earnings Whisper

Our proven model conclusively shows that LyondellBasell is likely to beat estimates this quarter because it has the right combination of two key ingredients.

Zacks ESP: LyondellBasell has an Earnings ESP Filter .

Zacks Rank: LyondellBasell carries a Zacks Rank #2 (Buy), which when combined with a positive ESP makes us confident of an earnings beat. Note that the stocks with — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) — have significantly higher chance of beating earnings estimates.

Conversely, Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.

Stocks With Favorable Combination

Here are some companies in the basic materials space you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:

Huntsman Corporation (NYSE:HUN) has an Earnings ESP of +3.27% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Agnico Eagle Mines Limited (NYSE:AEM) has an Earnings ESP of +20.99% and a Zacks Rank #2.

The Mosaic Company (NYSE:MOS) has an Earnings ESP of +4.72% and a Zacks Rank #1.

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