Charlotte, NC-based Duke Energy Corporation (DUK - Free Report) is a diversified energy company with a wide portfolio of domestic and international, natural gas and electric and regulated and unregulated businesses which supplies, delivers and processes energy in North America and selected international markets. It is one of the leading electric utilities in the U.S.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for the third quarter earnings of $1.56 per share has increased by 5 cents over the last 30 days.
The company's track record for earnings surprises has not been particularly encouraging. Duke Energy has missed the Zacks Consensus Estimate in two out of last four quarters, resulting in a negative average surprise of 1.20%.
Zacks Rank: Currently, Duke Energy has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Duke Energy reported third quarter 2016 earnings of $1.68, comfortably beating the Zacks Consensus Estimate of $1.56.
Revenues: Duke Energy missed on revenues. Our consensus called for revenues of $6.68 billion, and the company reported revenues of $6.43 billion.
Guidance: The company expects to report its 2016 adjusted EPS towards the high end of its prior EPS guidance range of $4.50−$4.70.
Check back later for our full write up on this Duke Energy earnings report!
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