Peabody (BTU) Sees Q1 EPS Near Low End of Guidance Range Amid Queensland Flooding

Peabody Energy (NYSE: BTU) today announced that, due to Australia weather-related events, the company's first quarter 2012 financial results are now expected to be near the low end of the original targeted range of $500 to $600 million in EBITDA and adjusted diluted earnings per share of $0.50 to $0.75.

The Street is currently looking for EPS of $0.66.

The target is based on recent storms and flooding in Queensland, which have halted port and rail movements, curtailed production at surface mines and restricted access to underground operations. The company places early estimates of the impacts at approximately $50 million for the first quarter related to lower production and sales volumes and higher costs due to volume impacts and recovery expenses. Actual quarterly results may vary depending on the pace of recovery from the flooding.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• S&P 500 may pull back before midterms, but Citi says buy the dip
• DA Davidson Reiterates Buy Rating on Box, Inc. (BOX) on Secular Tailwinds for Demand