BTU Stock Recent News

ST. LOUIS , Oct. 12, 2023 /PRNewswire/ -- On Thursday, October 26, 2023, Peabody (NYSE: BTU) will announce results for the quarter ended September 30, 2023. A conference call with management is scheduled for 10 a.m.

Nathaniel August, Mangrove Partners founder, discusses his best idea presentation for Peabody Energy at the Sohn Conference.

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.

Twin price target raises from analysts ignited bullishness on the coal company. The coal industry is currently undergoing something of a revival.

Peabody Energy (BTU) came out with quarterly earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $2.67 per share a year ago.

Peabody Energy's (BTU) second-quarter earnings are likely to have gained from increased tons of coal sold and share repurchase program. However, decrease in selling price might have lowered revenues.

Peabody Energy Co. NYSE: BTU is the nation's largest coal producer supplying energy producers like utilities and steel. The popular decarbonization movement has accelerated the adoption of clean and renewable energy sources.

Peabody Energy Corp   (NYSE:BTU) is pulling back today, last seen down 0.7% to trade at $21.69.

Peabody Energy has faced a decline in stock value due to economic indicators and weak coal prices, but the risk/reward is improving with potential support from rebounding economic growth. While domestic coal demand is declining, foreign demand remains strong, and BTU is well-positioned to serve export markets. BTU reported strong financial performance in Q1 2023, with improved earnings and the implementation of a comprehensive shareholder return program, including a $1 billion share buyback program and a regular.

The big move in energy was last year.