One stock that might be an intriguing choice for investors right now is Peabody Energy Corporation BTU. This is because this security in the Coal space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Coal space as it currently has a Zacks Industry Rank of 92 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Peabody Energy is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Peabody Energy Corporation Price and Consensus
Peabody Energy Corporation price-consensus-chart | Peabody Energy Corporation Quote
In fact, over the past month, current quarter estimates have risen from 45 cents per share to 72 cents per share, while current year estimates have moved from a loss of 55 cents per share to a profit of $1.20 per share. This has helped BTU to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider Peabody Energy. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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Peabody Energy Corporation (BTU) : Free Stock Analysis Report
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