Peabody Ahead of Earnings

Published on Monday, 19 July 2010 10:54 Written by Christopher Lynn

New York, July 19th (TradersHuddle.com) - Shares of Peabody Energy Corp (NYSE:BTU) are trading higher by +0.41% ahead of its quarterly earnings release. Peabody, the coal producer with worldwide operations is expected to release its quarterly results on July 20^th.

Wall Street Analysts consensus calls for a profit of $0.64 a share on $1.68 billion revenue.

Peabody estimates have a range of $0.18 a share. The high estimate calls for profit of $0.75 a share and the low estimate is calling for a profit of $0.57 a share, a year ago for the quarter the company reported $0.49 a share.

Peabody Energy Corp. (NYSE:BTU) principal activities are mining, preparation and sale of steam coal, sold primarily to electric utilities and metallurgical coal, sold to steel and coke producers. The company?s other energy related businesses include the development of mine-mouth coal-fueled generating plants, the management of its vast coal reserves and real estate holdings, coalbed methane production and transportation services.