The 10-second takeaway
For the quarter ended June 30 (Q2), SunCoke Energy missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. GAAP earnings per share contracted significantly.
Margins contracted across the board.
SunCoke Energy chalked up revenue of $403.7 million. The five analysts polled by S&P Capital IQ expected a top line of $438.1 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $460.7 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 $0.08. The six earnings estimates compiled by S&P Capital IQ forecast $0.08 per share. GAAP EPS of $0.08 for Q2 were 75% lower than the prior-year quarter's $0.32 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 17.7%, 40 basis points worse than the prior-year quarter. Operating margin was 6.5%, 280 basis points worse than the prior-year quarter. Net margin was 1.4%, 350 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $427.9 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $1.78 billion. The average EPS estimate is $0.45.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 35 members out of 37 rating the stock outperform, and two members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 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 $18.00.
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