The 10-second takeaway
For the quarter ended March 31 (Q1), SunCoke Energy beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins shrank, net margins shrank.
SunCoke Energy notched revenue of $453.9 million. The five analysts polled by S&P Capital IQ predicted net sales of $394.0 million on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $480.6 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 $0.03. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS of $0.03 for Q1 were 88% lower than the prior-year quarter's $0.24 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 15.8%, 80 basis points better than the prior-year quarter. Operating margin was 5.9%, 110 basis points worse than the prior-year quarter. Net margin was 0.5%, 300 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $414.9 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $1.66 billion. The average EPS estimate is $0.44.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 29 members out of 29 rating the stock outperform, and members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine 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 outperform, with an average price target of $18.40.
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