Stepan Q4 Adj, EPS $0.33 Misses $0.37 Estimate, Sales $532.13M Miss $534.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stepan (NYSE:SCL) reported Q4 adjusted EPS of $0.33, missing the $0.37 estimate, and sales of $532.13M, missing the $534.52M estimate. This represents a 44.07% decrease in earnings and a 15.15% decrease in sales from the same period last year.
February 20, 2024 | 12:03 pm
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NEGATIVE IMPACT
Stepan's Q4 earnings and sales missed estimates, with a significant decrease compared to last year's figures.
Missing both earnings and sales estimates, especially with such a significant year-over-year decline, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100