Stepan Co reports results for the quarter ended in January 1 - Earnings Summary

Stepan

30/10/2024 15:22

* Stepan Co  SCL.N  reported quarterly adjusted earnings of
$1.03​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of 64
cents.  The mean expectation of three analysts for the quarter
was for earnings of 65 cents per share. Wall Street expected
results to range from 60 cents to 69 cents per share.
    * Revenue fell 2.7% to $546.84 million from a year ago;
analysts
expected $585.90 million. 
    * Stepan Co's reported EPS for the quarter was $1.03​.
    * The company reported quarterly net income of $23.61
million.
    * Stepan Co shares had fallen by 5.6% this quarter and
lost 22.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.3%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
chemicals
peer group is  "hold."

Wall Street's median 12-month price target for Stepan Co is
$97.00 
This summary was machine generated from LSEG data October 30 at
03:22 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
 Sep. 30 2024      0.65           1.03           Beat
 Jun. 30 2024      0.67           0.41           Missed
 Mar. 31 2024      0.35           0.64           Beat
 Dec. 31 2023      0.37           0.33           Missed