SunCoke set to open at 2-month high after Q3 EPS beat

SunCoke Energy

01/11/2021 12:30

** U.S.-based coke coal producer's shares  SXC.N  up 4.3% at
$7.53 - set for highest open in more than 2 months if gains hold
    ** SXC reported Q3 adj. EPS of 27 cents/shr; analysts had
expected 17 cents/shr according to Refinitiv data  urn:newsml:reuters.com:*:nPnz5kV0a
    ** Co's adj. EBIDTA of $73.9 mln was the highest in at least
15 qtrs
    ** Co says it expects its 2021 consolidated adj. EBITDA to
be "modestly above the guidance range" of $255 mln-$265 million
    ** Including Q3, co's EPS has been in-line with or better
than analysts' expectations for the past six qtrs in a row
    ** Reiterated its 2021 forecast for domestic coke total
production of about 4.15 million tons
    ** Both analysts who cover SXC rate it "buy"; their mean PT
is $9.50
    ** Stock had risen ~66% this year through Friday's close;
S&P 600 Small Cap Index  .SPCY  had risen 23%

 (Reporting by Ruhi Soni)
 ((Ruhi.Soni@thomsonreuters.com;))