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Duke Energy (DUK) Stock Sinks As Market Gains: What You Should Know
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Duke Energy (DUK - Free Report) closed the most recent trading day at $102.97, moving -0.18% from the previous trading session. This change lagged the S&P 500's 0.62% gain on the day. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the electric utility had gained 2.97% in the past month. In that same time, the Utilities sector gained 3.31%, while the S&P 500 gained 0.39%.
Duke Energy will be looking to display strength as it nears its next earnings release. In that report, analysts expect Duke Energy to post earnings of $0.99 per share. This would mark a year-over-year decline of 3.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.15 billion, up 6.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.22 per share and revenue of $25.02 billion. These totals would mark changes of +1.95% and +4.81%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Duke Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. Duke Energy is currently a Zacks Rank #2 (Buy).
Investors should also note Duke Energy's current valuation metrics, including its Forward P/E ratio of 19.76. For comparison, its industry has an average Forward P/E of 19.46, which means Duke Energy is trading at a premium to the group.
Also, we should mention that DUK has a PEG ratio of 3.74. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.54 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DUK in the coming trading sessions, be sure to utilize Zacks.com.
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Duke Energy (DUK) Stock Sinks As Market Gains: What You Should Know
Duke Energy (DUK - Free Report) closed the most recent trading day at $102.97, moving -0.18% from the previous trading session. This change lagged the S&P 500's 0.62% gain on the day. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the electric utility had gained 2.97% in the past month. In that same time, the Utilities sector gained 3.31%, while the S&P 500 gained 0.39%.
Duke Energy will be looking to display strength as it nears its next earnings release. In that report, analysts expect Duke Energy to post earnings of $0.99 per share. This would mark a year-over-year decline of 3.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.15 billion, up 6.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.22 per share and revenue of $25.02 billion. These totals would mark changes of +1.95% and +4.81%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Duke Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. Duke Energy is currently a Zacks Rank #2 (Buy).
Investors should also note Duke Energy's current valuation metrics, including its Forward P/E ratio of 19.76. For comparison, its industry has an average Forward P/E of 19.46, which means Duke Energy is trading at a premium to the group.
Also, we should mention that DUK has a PEG ratio of 3.74. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.54 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DUK in the coming trading sessions, be sure to utilize Zacks.com.