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Peabody Energy's (BTU) fourth-quarter earnings are likely to have been benefited from high-quality coal production, cost management and share repurchase program.
Peabody Energy is the largest coal mining company in the US, with significant production in Eastern Australia. BTU has 4 different business segments, with the majority of production in the Powder River Basin. The Seaborne Thermal and Seaborne Metallurgical segments have been the main contributors to adjusted EBITDA, with a focus on expanding the Seaborne Metallurgical segment in the future.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Peabody Energy is a coal company that can be used as a trading tool to track energy prices and geopolitical developments. Geopolitical developments and rising natural gas prices are favoring U.S. coal exports, potentially leading to increased demand for coal. Peabody's strong volumes and favorable outlook suggest potential for shareholder distributions and aggressive buybacks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Peabody Energy (BTU) came out with quarterly earnings of $0.80 per share, missing the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.78 per share a year ago.
Peabody Energy's (BTU) third-quarter earnings are likely to have gained from share repurchase program and increased tons of coal sold.
Peabody Energy (BTU) makes a strong case for investment, given its earnings growth prospects, strong return on equity and share repurchase program.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.