First-quarter revenue is forecast at $2.73 billion, down 14.8% sequentially and by 9.6% year over year. Adjusted EPS are forecast at $0.33, down 24.3% sequentially and 52.2% lower year over year. For the full 2023 fiscal year, estimates call for EPS of $2.28, up 23.1%, on sales of $12.45 billion, up 4.5%.
Newmont stock trades at 21.0 times expected 2023 earnings, 18.0 times estimated 2024 earnings of $2.66, and 19.5 times estimated 2025 earnings of $2.45 per share. The stock’s 52-week range is $37.45 to $74.98. Newmont pays an annual dividend of $1.60 (yield of 3.34%). Total shareholder return for the past year was negative 31.22%.
Peabody Energy
The stock price of Peabody Energy Corp. (NYSE: BTU) has not moved much over the past 12 months, currently trading down by just 1.3% from one year ago. The swings, though, have been impressive. For example, from a July 6 annual low to a 52-week high in late November, the shares gained 70%. Since then, shares have fallen by nearly a quarter. A week ago, the company announced a $1 billion share buyback plan. Coal prices have fallen by nearly 60% since September, and no buyback program Peabody can afford will fix that.
Only four brokerages cover the stock, and three of them have Buy ratings. The fourth rates the stock at Hold. At a share price of around $24.00, the upside potential based on a median price target of $31.50 is 27.1%. At the high price target of $39.00, the upside potential is 62.5%.
First-quarter revenue is forecast at $1.23 billion, down 24.6% sequentially and nearly double year over year. Adjusted EPS are pegged at $1.33, down 51.5% sequentially and 16.9% lower year over year. For the full 2023 fiscal year, consensus estimates call for EPS of $6.94, down 21.2%, on revenue of $5.16 billion, up 3.5%.
Peabody stock trades at 3.5 times expected 2023 earnings, 8.4 times estimated 2024 earnings of $2.874 and 22.1 times estimated 2025 earnings of $1.09 per share. The stock’s 52-week range is $17.42 to $32.89. The company does not pay a dividend. Total shareholder return for the past year was negative 0.47%.
Originally published at 24/7 Wall St.
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