The coal company said it now expects EBITDA of $190 million to $210 million for the third quarter, up from its previous guidance of $140 million to $190 million. Peabody Energy said the increase reflects continued strength in its operating performance.
Peabody Energy also lowered its adjusted diluted EPS estimates for the third quarter to a loss of between 69 cents and 63 cents a share from a loss of between 53 cents and 40 cents a share.
The company expects to announce its third quarter results on October 20.
TheStreet Ratings team rates PEABODY ENERGY CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate PEABODY ENERGY CORP (BTU) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: