SunCoke Energy Beats Analyst Estimates on EPS
SunCoke Energy (NYS: SXC) reported earnings on Oct. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), SunCoke Energy met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins shrank, net margins expanded.
SunCoke Energy reported revenue of $480.5 million. The five analysts polled by S&P Capital IQ foresaw revenue of $485.9 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $403.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.45. The seven earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. GAAP EPS of $0.45 for Q3 were 73% higher than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.1%, 300 basis points worse than the prior-year quarter. Operating margin was 11.0%, 140 basis points worse than the prior-year quarter. Net margin was 6.6%, 200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $495.7 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $1.94 billion. The average EPS estimate is $1.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 27 members out of 27 rating the stock outperform, and members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give SunCoke Energy a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SunCoke Energy is buy, with an average price target of $18.86.
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The article SunCoke Energy Beats Analyst Estimates on EPS originally appeared on Fool.com.
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