Peabody Energy Corp. (BTU - Free Report) reported second-quarter 2019 earnings of 37 cents per share, which surpassed the Zacks Consensus Estimate of 28 cents by 32.1%. However, the bottom line decreased 60.2% year over year.
Despite its Shoal Creek Mine’s solid performance, the company’s second-quarter earnings were adversely impacted by a drop in coal sales volume and a year-over-year reduction in the price of per ton of coal sold.
Revenues
Quarterly revenues of $1,149 million lagged the Zacks Consensus Estimate of $1,231 million by 6.7%. The top line also declined 12.3% from $1,309.4 million recorded in the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Peabody Energy Corp. (BTU - Free Report) reported second-quarter 2019 earnings of 37 cents per share, which surpassed the Zacks Consensus Estimate of 28 cents by 32.1%. However, the bottom line decreased 60.2% year over year.
Despite its Shoal Creek Mine’s solid performance, the company’s second-quarter earnings were adversely impacted by a drop in coal sales volume and a year-over-year reduction in the price of per ton of coal sold.
Revenues
Quarterly revenues of $1,149 million lagged the Zacks Consensus Estimate of $1,231 million by 6.7%. The top line also declined 12.3% from $1,309.4 million recorded in the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on BTU - FREE
Get the latest research report on ARLP - FREE
Get the latest research report on SXC - FREE
Get the latest research report on ARCH - FREE