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

• Stepan Co SCL.N reported quarterly adjusted earnings of 94 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of two analysts for the quarter was for earnings of 73 cents per share. Wall Street expected results to range from 60 cents to 85 cents per share.

• Revenue rose 17.3% to $692.15 million from a year ago; analysts expected $634.30 million.

• Stepan Co's reported EPS for the quarter was 78 cents​.

• The company reported quarterly net income of $17.81 million.

• Stepan Co shares had risen by 4.5% this quarter and gained 37.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 22% 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 "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 also "buy"

• Wall Street's median 12-month price target for Stepan Co is $76.95, about 15.3% above its last closing price of $65.21

This summary was machine generated from LSEG data October 28 at 02:08 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)