Peabody Energy Stock Fell Marginally after 3Q17 Earnings Release

Alexis Tate - Author

Nov. 1 2017, Published 10:05 a.m. ET

Peabody Energy’s 3Q17 earnings

On October 25, 2017, Peabody Energy (BTU) announced its 3Q17 earnings results for the quarter ended September 30, 2017. In this post-earning series, we’ll analyze Peabody’s third-quarter results in detail, compare them with analysts’ estimates, and examine the factors that caused the deviations, if any. We’ll also look at management’s guidance for fiscal 2017, analysts’ expectations for 2017, and the outlook for the company.

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Peabody Energy’s stock reaction

Peabody Energy posted improved earnings for 3Q17, beating analysts’ consensus EPS (earnings per share) estimate. It reported adjusted diluted EPS of $1.47 against analysts’ estimate of $1.18. BTU stock rose the day before the earnings release and peaked at $31.70 during market hours on October 25, 2017. After the release, the stock fell marginally, even though BTU posted strong earnings for the quarter.

Peer performances

The stocks of major coal-producing companies Westmoreland Coal (WLB), Arch Coal (ARCH), Cloud Peak Energy (CLD), and CNX Coal Resources (CNXC) have all fallen so far in 2017.

On October 25, 2017, Cloud Peak Energy (CLD) stock fell 1.3%, and Westmoreland Coal (WLB) fell 4.5%. Alliance Resource Partners (ARLP) and CNX Coal Resources (CNXC) fell 3% each after BTU’s earning results. However, the coal market, tracked by the VanEck Vectors Coal ETF (KOL), rose a marginal 0.1% during the intraday trading session.


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