Peabody Earnings Preview

Published on Monday, 23 January 2012 13:00 Written by Gerard Lerod

New York, January 23rd (TradersHuddle.com) - Shares of Peabody Energy Corp (NYSE:BTU) are trading lower by -0.82% ahead of its quarterly earnings release. Peabody, the coal producer with worldwide operations is expected to release its quarterly results on January 24^th.

Wall Street Analysts consensus calls for a profit of $1.31 a share on $2.34 billion revenue.

Peabody estimates have a range of $0.25 a share. The high estimate calls for profit of $1.43 a share and the low estimate is calling for a profit of $1.18 a share, a year ago for the quarter the company reported $0.85 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