Peabody Energy Q4 2023 Adj EPS $1.33 Misses $1.40 Estimate, Sales $1.24B Beat $1.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
Peabody Energy (NYSE:BTU) reported Q4 2023 adjusted EPS of $1.33, missing the $1.40 estimate, but sales of $1.24B exceeded the $1.23B estimate. This represents a 24.05% decrease in sales compared to the same period last year.
February 08, 2024 | 1:01 pm
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NEUTRAL IMPACT
Peabody Energy reported a mixed Q4 2023 with an EPS miss but a slight sales beat, alongside a significant year-over-year sales decrease.
The mixed earnings report with an EPS miss and a slight sales beat could lead to neutral short-term stock price movement. The significant decrease in sales year-over-year is concerning, but the beat on sales estimates may offset negative sentiment.
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