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Duke Energy (DUK) Gains But Lags Market: What You Should Know
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Duke Energy (DUK - Free Report) closed at $106.69 in the latest trading session, marking a +0.37% move from the prior day. This move lagged the S&P 500's daily gain of 2.14%. Elsewhere, the Dow gained 1.82%, while the tech-heavy Nasdaq lost 0.01%.
Coming into today, shares of the electric utility had gained 6.35% in the past month. In that same time, the Utilities sector gained 4.35%, while the S&P 500 lost 5.01%.
Investors will be hoping for strength from Duke Energy as it approaches its next earnings release. In that report, analysts expect Duke Energy to post earnings of $1.32 per share. This would mark year-over-year growth of 4.76%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.38 billion, up 3.7% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.46 per share and revenue of $26.07 billion. These totals would mark changes of +4.2% and +3.86%, 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.09% lower. Duke Energy is currently a Zacks Rank #3 (Hold).
Investors should also note Duke Energy's current valuation metrics, including its Forward P/E ratio of 19.46. This valuation marks a premium compared to its industry's average Forward P/E of 18.41.
Investors should also note that DUK has a PEG ratio of 3.27 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.45 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 215, putting it in the bottom 16% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Duke Energy (DUK) Gains But Lags Market: What You Should Know
Duke Energy (DUK - Free Report) closed at $106.69 in the latest trading session, marking a +0.37% move from the prior day. This move lagged the S&P 500's daily gain of 2.14%. Elsewhere, the Dow gained 1.82%, while the tech-heavy Nasdaq lost 0.01%.
Coming into today, shares of the electric utility had gained 6.35% in the past month. In that same time, the Utilities sector gained 4.35%, while the S&P 500 lost 5.01%.
Investors will be hoping for strength from Duke Energy as it approaches its next earnings release. In that report, analysts expect Duke Energy to post earnings of $1.32 per share. This would mark year-over-year growth of 4.76%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.38 billion, up 3.7% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.46 per share and revenue of $26.07 billion. These totals would mark changes of +4.2% and +3.86%, 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.09% lower. Duke Energy is currently a Zacks Rank #3 (Hold).
Investors should also note Duke Energy's current valuation metrics, including its Forward P/E ratio of 19.46. This valuation marks a premium compared to its industry's average Forward P/E of 18.41.
Investors should also note that DUK has a PEG ratio of 3.27 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.45 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 215, putting it in the bottom 16% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.