Published on 19 Oct 2023 on Zacks via Yahoo Finance
Reasons to Add Peabody Energy (BTU) to Your Portfolio Now
Peabody Energy Corporation BTU continues to benefit from its low-cost U.S. thermal coal mines. The company also benefits from its continued debt reduction initiatives and share repurchase program. Given its growth opportunities, BTU makes for a solid investment option in the coal industry.Let’s focus on the factors that make this Zacks Rank #1 (Strong Buy) company a strong investment pick at the moment.
Growth Projections & Surprise History
The Zacks Consensus Estimate for BTU’s 2023 earnings per share (EPS) has increased 5.4% to $4.87 in the past 30 days.The Zacks Consensus Estimate for BTU’s 2024 EPS has increased 44.3% to $3.29 in the past 30 days.The company delivered an average earnings surprise of 8.5% in the last four quarters.