Time New York: Fri 24 Nov 02:36 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Surging Earnings Estimates Signal Good News for Peabody Energy (BTU)

Zacks

Peabody Energy Corporation BTU is a coal mining company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BTU’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Peabody Energy could be a solid choice for investors.

Current Quarter Estimates for BTU

In the past 30 days, two estimates have gone higher for Peabody Energy while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.11 a share 30 days ago, to $1.24 today, a move of 11.7%.

Current Year Estimates for BTU

Meanwhile, Peabody Energy’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $3.38 per share 30 days ago to $4 per share today, an increase of 18.3%.

Peabody Energy Corporation Price and Consensus

Peabody Energy Corporation Price and Consensus | Peabody Energy Corporation Quote


Bottom Line

The stock has also started to move higher lately, adding 7.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.