Peabody's (BTU) Q1 Earnings Top Estimates, Revenues Down Y/Y
Zacks Investment Research | Apr 30, 2019 09:58PM ET
Peabody Energy Corp. (NYSE:BTU) announced first-quarter 2019 earnings of $1.15 per share, which surpassed the Zacks Consensus Estimate of 50 cents by a whopping 130%. Further, the bottom line was up 38.6% year over year.
The strong first-quarter earnings were attributable to its new Shoal Creek Mine, significant margins in the seaborne thermal business and recognition of maximum North Goonyella insurance recoveries.
Revenues
Quarterly revenues of $1,250.6 million fell 14.5% from $1,462.7 million in the year-ago quarter, reflecting adverse impact of the coal industry logistics chain.
The reported revenues also lagged the Zacks Consensus Estimate of $1,255 million by 0.4%.
Peabody Energy Corporation Price, Consensus and EPS Surprise
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