Stepan Q2 Adj EPS $0.53 Misses $1.17 Estimate, Sales $579.98M Miss $699.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stepan (NYSE:SCL) reported Q2 adjusted earnings of $0.53 per share, missing the analyst consensus estimate of $1.17 by 54.7%. This is a 76.96% decrease from the same period last year. The company also reported quarterly sales of $579.98 million, missing the analyst consensus estimate of $699.85 million by 17.13%. This is a 22.84% decrease from the same period last year.
July 26, 2023 | 10:57 am
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NEGATIVE IMPACT
Stepan's Q2 earnings and sales significantly missed estimates, indicating a potential negative impact on its stock price.
Stepan's Q2 earnings and sales missed the analyst consensus estimates by a significant margin. This underperformance, coupled with a significant decrease from the same period last year, could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100