Hollywood Hopes for Holiday Synergy with ‘Wicked,’ ‘Gladiator II,’ and ‘Moana 2’
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Box Office Performance: The movies Wicked and Gladiator II had a strong opening weekend, grossing nearly $170 million domestically and $270 million globally, with Wicked leading in both domestic ($114 million) and global sales ($164 million).
Market Trends and Economic Indicators: Despite the success of these films, Hollywood is still recovering from previous strikes, and overall domestic box office revenue is down 10.7% compared to last year; upcoming economic reports are expected to provide insights into labor market conditions and inflation trends.
Analyst Views on BTU
Wall Street analysts forecast BTU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTU is 31.67 USD with a low forecast of 29.00 USD and a high forecast of 34.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 38.520
Low
29.00
Averages
31.67
High
34.00
Current: 38.520
Low
29.00
Averages
31.67
High
34.00
About BTU
Peabody Energy Corporation is a coal producer, providing essential products for the production of reliable energy and steel. The Company owns interests in coal mining operations located in the United States and Australia, including interests in Middlemount Coal Pty Ltd. The Company engages in the direct and brokered trading of coal and freight-related contracts. Its segments include Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S. Thermal, and Corporate and Other. The Seaborne Thermal operations consist of mines in New South Wales, Australia. The mines in that segment utilize both surface and underground extraction processes to mine low-sulfur, high Btu thermal coal. The Seaborne Metallurgical operations consist of mines in Queensland, Australia, one in New South Wales, Australia and one in Alabama, the United States. The Company owns the southern portion of the Wards Well tenement.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
