Stepan Co reports results for the quarter ended March 31 - Earnings Summary

• Stepan Co SCL.N reported quarterly adjusted earnings of 84 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of three analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 50 cents to 77 cents per share.

• Revenue rose 7.6% to $593.26 million from a year ago; analysts expected $558.00 million.

• Stepan Co's reported EPS for the quarter was 86 cents​.

• The company reported quarterly net income of $19.71 million.

• Stepan Co shares had fallen by 12.4% this quarter and lost 25.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialty chemicals peer group is "hold."

• Wall Street's median 12-month price target for Stepan Co is $85.00

This summary was machine generated from LSEG data April 29 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)