Earnings Review - Peabody Energy

LONDON, November 5, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings review on Peabody Energy Corp. (NYSE: BTU). On October 20, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Peabody Energy Corp. During Q3 FY14, Peabody Energy Corp.'s adjusted EBITDA was $216.3 million, which reflected continuing cost and productivity improvements that alleviated the impact of approximately $135 million from lower pricing. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q3 FY14, Peabody Energy Corp. reported revenues of $1.72 billion, compared to $1.80 billion in the same period last year. The company's revenues during the reported quarter outperformed Bloomberg analysts' forecast of $1.64 billion. The decrease in revenues was primarily due to lower realized pricing in Australia. Further, during Q3 FY14, the U.S. Mining revenues decreased to $1.02 billion from $1.05 billion in Q3 FY13, on the back of lower volumes and reduced Midwestern revenues per ton. Australian mining revenues declined 4.1% YoY to $676.3 million as higher volumes partly offset a 13% reduction in revenues per ton. The free research on BTU can be downloaded as in PDF format at:  

www.Investor-Edge.com/BTUFreeReport

The company witnessed losses from continuing operations of $154.0 million, or $0.58 loss per diluted share, in Q3 FY14, as compared to profits from continuing operations of $24.0 million, or $0.06 per diluted share, in Q3 FY13. Peabody Energy Corp.'s results for the reported quarter reflected lower tax benefits as a result of the repeal of the Australian Minerals Resource Rent Tax and lower operating profit due to reduced realized pricing. Adjusted diluted loss per share was $0.59 in Q3 FY14, as compared to adjusted diluted earnings of $0.05 per share in the corresponding quarter last year. Analysts from Bloomberg had expected the company to report adjusted diluted loss of $0.66 per share in Q3 FY14.

Gregory H. Boyce, Chairman and CEO of Peabody Energy Corp., stated that in the face of challenging times for the coal industry, the company continues to control the controllable and take the necessary actions to best position itself through strong operating performance, solid operating cash flows, lower costs and reduced capital targets. With regard to industry fundamentals, Mr. Boyce said that the company looks forward to greater realization of announced metallurgical coal supply cutbacks, continued growth in Indian coal imports, and improving Southern Powder River Basin rail performance to rebuild utility stockpiles and meet strong underlying demand. Sign up and read the free analyst's notes on BTU at:

www.Investor-Edge.com/BTU-05112014

Peabody Energy Corp. is targeting FY14 adjusted EBITDA of $765 million to $815 million and adjusted diluted loss of $1.48 to $1.38 per share, excluding any charges related to implementation of an organizational restructuring program that was launched recently. Additionally, the company is expecting total sales of 245 to 255 million tons for FY14, including U.S. sales of 185 to 190 million tons and Australian sales of 36 to 38 million tons.

Stock Performance 

On the day of the earnings release, October 20, 2014, Peabody Energy Corp.'s stock ended the session at $10.46, down 5.17%. Since then, shares of the company have witnessed a mixed momentum. On the last close, Tuesday, November 04, 2014, it finished at $10.29, 1.39% below its previous day's closing price, after vacillating between $10.05 and $10.44. A total of 15.24 million shares were traded, which was above its three months average volume of 10.84 million shares. Over the previous three trading sessions, the company's shares have advanced 0.39%. However, the stock has plummeted 7.80% over the last one month and 47.31% from the beginning of 2014. Shares in Peabody Energy Corp. closed below their 50-day and 200-day moving averages of $12.54 and $15.67, respectively. Furthermore, the stock has a Relative Strength Index (RSI) of 41.32. Visit Investor-Edge and access the latest research on BTU at:

www.Investor-Edge.com/BTUEarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month, there were two insider transactions by two independent directors of Peabody Energy Corp. On October 23, 2014, William A. Coley bought 5,000 shares of the company at a price of $10.46 per share. Further, on October 24, 2014, Robert B. Karn III purchased 9,000 shares of the company at a price of $10.35 per share. Complimentary in-depth research on BTU is available at:

www.Investor-Edge.com/BTUInsiderTrading

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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EDITOR'S NOTES:

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