* Net profit below estimates, revenue as sales shifted TO Q4
* Says on track to meet 2010 targets
* CFO says believes can get majority in Bogdanka bid
* NWR shares fall more than 3 percent
(Adds CFO, analyst)
PRAGUE, Nov 19 (Reuters) - New World Resources (NWR) said on Friday it was on track to meet its 2010 sales and production targets after missing third-quarter estimates when some customers shifted sales to the fourth quarter.
NWR, owner of the Czech Republic's largest hard coal mines, forecast a rise in prices next year and said it believed its $1.2 billion hostile bid for Polish coal miner Bogdanka would secure a majority of shares.
The company swung to a third-quarter net profit of 48.5 million euros after a loss a year ago, but fell short of the median estimate of 68.7 million in a Reuters poll and slipped 63 percent from the second quarter, which had been affected by one-off items.
Revenue at NWR rose a touch on the quarter to 408.4 million euros, but missed expectations for 436.2 million euros.
"The results are weaker than expected at the first sight due to lower production and sales volumes. However, NWR confirmed its FY targets, so we expect only slightly negative reaction," Ceska Sporitelna analysts said in a note.
NWR shares dropped more than 3 percent to a one-week low of 217 crowns when the Prague bourse opened.
In a telephone interview, Chief Financial Officer Marek Jelinek said earnings had missed estimates because some coke customers shifted sales into the fourth quarter.
The company has said prices in the fourth quarter were somewhat lower than in the third quarter.
Jelinek said there was room for single-digit percentage growth in thermal coal prices in 2011. He added it was difficult to tell what would happen to coking coal prices, though market demand was indicating some upside.
NWR is looking to push into Poland with the Bogdanka bid and the opening of the Debiensko mines, where it said ground could be broken in 2011.
The 100.75 zloty per share offer has been rejected by Bogdanka management and some key shareholders, who say the price is too low. NWR has said it would not sweeten the price in a tender set to end on Nov. 29.
Bogdanka shares have jumped to trade around 107 zlotys. Jelinek said the bid should attract a majority of shareholders.
"When you look at the structure of Bogdanka shareholders, the big shareholders are Polish pension funds, and it is a relatively small number of them. So if they accept this offer, it should not be a problem to reach a substantial majority," Jelinek told Reuters. (Reporting by Jason Hovet; Editing by Will Waterman)