Stepan Q3 Adj. EPS $0.64 Misses $0.82 Estimate, Sales $562.23M Miss $619.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stepan (NYSE:SCL) reported Q3 adjusted earnings of $0.64 per share, missing the analyst consensus estimate of $0.82 by 21.95%. This is a 68.16% decrease from the same period last year. The company also reported quarterly sales of $562.23 million, missing the analyst consensus estimate of $619.48 million by 9.24%, a 21.82% decrease from the same period last year.
October 18, 2023 | 11:03 am
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NEGATIVE IMPACT
Stepan's Q3 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Stepan's Q3 earnings and sales fell short of analyst estimates, which is typically a negative signal for the stock market. This underperformance, coupled with a significant decrease from the same period last year, could lead to a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100