Peabody Energy First Quarter 2024 Earnings: EPS Misses Expectations

Peabody Energy (NYSE:BTU) First Quarter 2024 Results

Key Financial Results

• Revenue: US$983.6m (down 28% from 1Q 2023).
• Net income: US$40.3m (down 85% from 1Q 2023).
• Profit margin: 4.1% (down from 20% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.31 (down from US$1.87 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Peabody Energy EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%.

Looking ahead, revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.1%.

Performance of the American Oil and Gas industry.

The company's shares are down 10% from a week ago.

Valuation

It's possible that Peabody Energy could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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