SunCoke Energy Q3 EPS $0.36 Beats $0.22 Estimate, Sales $490.10M Beat $409.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
SunCoke Energy reported Q3 earnings per share of $0.36, significantly beating the analyst estimate of $0.22. Sales were $490.10 million, also surpassing the expected $409.95 million. Despite the earnings beat, sales decreased by 5.82% compared to the same period last year.
October 31, 2024 | 11:18 am
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SunCoke Energy's Q3 earnings per share of $0.36 beat the analyst estimate of $0.22 by 63.64%, and sales of $490.10 million exceeded expectations of $409.95 million. However, sales decreased by 5.82% compared to the same period last year.
The significant beat on both EPS and sales estimates is likely to positively impact SunCoke Energy's stock price in the short term. The 63.64% EPS beat and 19.55% sales beat indicate strong performance relative to expectations, which is typically viewed favorably by investors. However, the year-over-year sales decline of 5.82% may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100