We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Duke Energy (DUK) Stock Moves -0.11%: What You Should Know
Read MoreHide Full Article
Duke Energy (DUK - Free Report) closed at $100.23 in the latest trading session, marking a -0.11% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.9%. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq lost 0.26%.
Heading into today, shares of the electric utility had gained 3.67% over the past month, outpacing the Utilities sector's gain of 1.59% and the S&P 500's loss of 2.66% in that time.
Wall Street will be looking for positivity from Duke Energy as it approaches its next earnings report date. In that report, analysts expect Duke Energy to post earnings of $1.15 per share. This would mark year-over-year growth of 22.34%. Our most recent consensus estimate is calling for quarterly revenue of $6.63 billion, up 6.32% from the year-ago period.
DUK's full-year Zacks Consensus Estimates are calling for earnings of $5.31 per share and revenue of $27.93 billion. These results would represent year-over-year changes of +1.34% and +11.28%, respectively.
Investors should also note any recent changes to analyst estimates for Duke Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.31% lower within the past month. Duke Energy is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, Duke Energy is holding a Forward P/E ratio of 18.89. This valuation marks a premium compared to its industry's average Forward P/E of 18.37.
Also, we should mention that DUK has a PEG ratio of 3.46. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DUK's industry had an average PEG ratio of 3.18 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Duke Energy (DUK) Stock Moves -0.11%: What You Should Know
Duke Energy (DUK - Free Report) closed at $100.23 in the latest trading session, marking a -0.11% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.9%. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq lost 0.26%.
Heading into today, shares of the electric utility had gained 3.67% over the past month, outpacing the Utilities sector's gain of 1.59% and the S&P 500's loss of 2.66% in that time.
Wall Street will be looking for positivity from Duke Energy as it approaches its next earnings report date. In that report, analysts expect Duke Energy to post earnings of $1.15 per share. This would mark year-over-year growth of 22.34%. Our most recent consensus estimate is calling for quarterly revenue of $6.63 billion, up 6.32% from the year-ago period.
DUK's full-year Zacks Consensus Estimates are calling for earnings of $5.31 per share and revenue of $27.93 billion. These results would represent year-over-year changes of +1.34% and +11.28%, respectively.
Investors should also note any recent changes to analyst estimates for Duke Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.31% lower within the past month. Duke Energy is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, Duke Energy is holding a Forward P/E ratio of 18.89. This valuation marks a premium compared to its industry's average Forward P/E of 18.37.
Also, we should mention that DUK has a PEG ratio of 3.46. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DUK's industry had an average PEG ratio of 3.18 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.