Peabody Energy Corporation (NYSE:PEB) EPS Forecasts
If you’re interested in investing in the energy industry, you may be looking at the Peabody Energy Corporation (NYSE:PEB). The company’s main business is mining coal, and it also sells and distributes coal, which is used to generate electricity and produce steel.
Peabody Energy Corporation Overview
Peabody Energy Corporation is a large energy company that sells coal to industrial plants worldwide. The company also provides transportation-related services. However, its main business is mining coal and selling it to industrial clients.
The company was founded in St. Louis, Missouri, in 1883. It was originally named Peabody, Daniels & Company. In 1955, it merged with the Sinclair Coal Company.
During the mid-1950s, the Peabody name was one of the most highly regarded coal companies in the world. Its market share decreased as cost-efficient surface mining operations emerged. But it continued to expand its operations and was ranked eighth in the list of top coal producers.
During the 1980s, the company expanded into the eastern United States. It developed a coal-to-gas project in New South Wales, Australia, and acquired several mines in Australia.
As a response to increased demand for metallurgical coal in the Midwest, Peabody began expanding its domestic operations. By the early 1990s, it had acquired three more mines in Australia and Eastern Gas and Fuel Associates mines in Illinois.
In the late 1990s, Peabody developed a fourth operation in New South Wales. This was followed by the purchase of the Shoal Creek Seaborne metallurgical coal mine.
A new project, the Prairie State Energy Campus, was planned to generate 1600 megawatts of clean coal power. It was due to begin generating power in 2011.
What are the EPS forecasts for BTU stock? It’s a pretty big question, given the company’s impressive record of stock price and dividend growth. As for EPS forecasts, the smallest number is in the tens. That being said, there is some disagreement about the next highest figure. A rough estimate would put the figure around $1.86. While we’re at it, the company might be well served by trimming that number down. The following chart lays out the EPS forecasts for BTU stock by year. We’ll get into that a little more in a moment.
In fact, the EPS forecasts for BTU stock are not all that. They’re derived from an algorithm that takes into account historic reporting dates and other data points. Given that, there’s a decent chance that we’ll be seeing something new this quarter. On the flip side, you might just be able to catch some of the big players on the other side of the Atlantic. Amongst the many comers that have popped up in our data set are AstraZeneca and Merck.
Those wishing to delve deeper can tap into our proprietary database of tens of thousands of stocks, spanning every industry from energy to fintech, for insights into how the sector performs on a day to day basis.
IBD Stock Of The Day
The IBD Stock Of The Day is a list of stocks that are being tracked and discussed by Investor’s Business Daily (IBD). It is a great way to improve your stock picking skills, and to build watch lists.
You will get an overview of the current price and a brief summary of every stock in the list. You will also receive an alert if a price crossover occurs. This is a great tool for self-directed investors.
Another interesting feature is the ‘Sector Leaders’ list. These are a set of five to ten stocks in a particular industry group. For example, in energy stocks, you will find companies like Oasis, Moderna, and Callon Petroleum.
The IBD Leaderboard is a service that combines annotated technical charts, annotated leaders lists, and a daily market roundup. If you want to learn more about what you are reading, you can export the data for further analysis.
The IBD 50 list is another good example. This is a set of 50 growth stocks that are based on the CAN SLIM Investing System. This is a system that combines market timing and historical precedent to identify the best stocks to invest in.
A similar service is the IBD Swing Trader. These are stocks selected for swing traders. They are based on the CAN SLIM strategy and are rebalanced weekly.