Stepan Co reports results for the quarter ended in December - Earnings Summary

Stepan

20/02/2024 13:00

* Stepan Co  SCL.N  reported quarterly adjusted earnings of
33
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 59
cents.  The mean expectation of four analysts for the quarter
was for earnings of 37 cents per share. Wall Street expected
results to range from 4 cents to 55 cents per share.
    * Revenue fell 15.2% to $532.13 million from a year ago;
analysts
expected $534.53 million. 
    * Stepan Co's reported EPS for the quarter was a loss of 5
cents​.
    * The company reported a quarterly loss of $1.19 million.
    * Stepan Co shares had fallen by 1.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Stepan Co is
$96.50 
This summary was machine generated from LSEG data February 20 at
01:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.37           0.33           Missed
 Sep. 30 2023      0.76           0.64           Missed
 Jun. 30 2023      1.17           0.53           Missed
 Mar. 31 2023      0.94           0.71           Missed