StepanNYSE: SCL

Although the financial results for Stepan Co. (SCL) in the quarter ending March 2024 provide an overview of the company's performance, it may be beneficial to examine how certain important metrics stack up against analyst expectations and previous year's figures.

Stepan Co. (SCL) reported quarterly earnings of $0.64 per share, exceeding the Zacks Consensus Estimate of $0.35 per share. This is lower than the earnings of $0.71 per share reported a year ago.

The headline numbers for Stepan Co. (SCL) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Stepan Co. (SCL) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.59 per share a year ago.

Stepan Co. (SCL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Stepan Company's net income declined by more than half in 3Q23 due to lower sales volume and lower unit margins in core operational segments. The company is investing in new capacities for Nonionics and Dioxane products, which are expected to be ready by mid-2024 and 3Q23, respectively. Stepan's earnings have dropped significantly, but there is potential for a double-digit upside in the long term, although there are better investment options available in the basic materials sector.

Stepan Company (NYSE:SCL ) Q3 2023 Earnings Conference Call October 18, 2023 10:00 AM ET Company Participants Luis Rojo - Chief Financial Officer Scott Behrens - President and Chief Executive Officer Conference Call Participants Vincent Anderson - Stifel Dave Storms - Stonegate David Silver - CL King and Associates Mike Harrison - Seaport Research Partners Operator Good day, and welcome to the Stepan Company Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Stepan Co. (SCL) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $2.01 per share a year ago.

Volumes are declining as customers have high inventories. Profit margins are currently depressed due to current headwinds. The company's headwinds are likely of a temporary nature as they are directly linked to the current macroeconomic landscape.