Stepan Q2 2024 Adj. EPS $0.41 Misses $0.67 Estimate, Sales $556.405M Miss $589.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stepan (NYSE:SCL) reported Q2 2024 adjusted EPS of $0.41, missing the $0.67 estimate by 38.81%. Sales were $556.405M, missing the $589.800M estimate by 5.66% and down 4.06% from last year.
July 31, 2024 | 11:12 am
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NEGATIVE IMPACT
Stepan's Q2 2024 earnings and sales both missed analyst estimates significantly, with EPS missing by 38.81% and sales missing by 5.66%. Sales also decreased by 4.06% year-over-year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact Stepan's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100