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Duke Energy (DUK) Gains As Market Dips: What You Should Know
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Duke Energy (DUK - Free Report) closed the most recent trading day at $105.70, moving +0.48% from the previous trading session. This move outpaced the S&P 500's daily loss of 2.01%. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Heading into today, shares of the electric utility had lost 8.04% over the past month, lagging the Utilities sector's loss of 6.68% and the S&P 500's loss of 6.08% in that time.
Duke Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.18, up 2.61% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $6.05 billion, up 5.04% from the prior-year quarter.
DUK's full-year Zacks Consensus Estimates are calling for earnings of $5.47 per share and revenue of $26.76 billion. These results would represent year-over-year changes of +4.39% and +6.64%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Duke Energy is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Duke Energy currently has a Forward P/E ratio of 19.24. This represents a premium compared to its industry's average Forward P/E of 18.88.
We can also see that DUK currently has a PEG ratio of 3.17. 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. The Utility - Electric Power was holding an average PEG ratio of 3.22 at yesterday's closing price.
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 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Duke Energy (DUK) Gains As Market Dips: What You Should Know
Duke Energy (DUK - Free Report) closed the most recent trading day at $105.70, moving +0.48% from the previous trading session. This move outpaced the S&P 500's daily loss of 2.01%. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Heading into today, shares of the electric utility had lost 8.04% over the past month, lagging the Utilities sector's loss of 6.68% and the S&P 500's loss of 6.08% in that time.
Duke Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.18, up 2.61% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $6.05 billion, up 5.04% from the prior-year quarter.
DUK's full-year Zacks Consensus Estimates are calling for earnings of $5.47 per share and revenue of $26.76 billion. These results would represent year-over-year changes of +4.39% and +6.64%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Duke Energy is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Duke Energy currently has a Forward P/E ratio of 19.24. This represents a premium compared to its industry's average Forward P/E of 18.88.
We can also see that DUK currently has a PEG ratio of 3.17. 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. The Utility - Electric Power was holding an average PEG ratio of 3.22 at yesterday's closing price.
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 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.