Stepan Co reports results for the quarter ended June 30 - Earnings Summary

• Stepan Co SCL.N reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of two analysts for the quarter was for earnings of 90 cents per share. Wall Street expected results to range from 88 cents to 92 cents per share.

• Revenue rose 6.9% to $594.69 million from a year ago; analysts expected $598.25 million.

• Stepan Co's reported EPS for the quarter was 50 cents​.

• The company reported quarterly net income of $11.34 million.

• Stepan Co shares had risen by 1.2% this quarter and lost 14.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 23.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

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

This summary was machine generated from LSEG data July 30 at 12:43 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)