Stepan Q1 2024 Adj EPS $0.64 Beats $0.35 Estimate, Sales $551.418M Miss $575.825M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stepan (NYSE:SCL) reported Q1 2024 adjusted EPS of $0.64, surpassing the $0.35 estimate, but its sales of $551.418M fell short of the expected $575.825M. This represents a decrease in both earnings and sales from the previous year.
April 30, 2024 | 11:03 am
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Stepan's Q1 2024 earnings surpassed estimates with an adjusted EPS of $0.64, but sales missed expectations, indicating mixed financial health.
While the beat on the EPS estimate is positive, the miss on sales forecasts could concern investors about revenue growth and market demand. The mixed results may lead to neutral short-term stock price movement as investors digest both the positive and negative aspects of the report.
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