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

Stepan

30/04/2024 15:57

* Stepan Co  SCL.N  reported quarterly adjusted earnings of
64
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 71
cents.  The mean expectation of four analysts for the quarter
was for earnings of 35 cents per share. Wall Street expected
results to range from 32 cents to 39 cents per share.
    * Revenue fell 15.4% to $551.42 million from a year ago;
analysts
expected $575.83 million. 
    * Stepan Co's reported EPS for the quarter was 61 cents​.
    * The company reported quarterly net income of $13.89
million.
    * Stepan Co shares had fallen by 6.1% this quarter and
lost 10.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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
$100.50 
This summary was machine generated from LSEG data April 30 at
02:57 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
 Mar. 31 2024      0.35           0.64           Beat
 Dec. 31 2023      0.37           0.33           Missed
 Sep. 30 2023      0.76           0.64           Missed
 Jun. 30 2023      1.17           0.53           Missed