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Duke Energy (DUK) Increases Despite Market Slip: Here's What You Need to Know
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Duke Energy (DUK - Free Report) closed the most recent trading day at $131.82, moving +1.38% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.52% for the day. On the other hand, the Dow registered a loss of 1.56%, and the technology-centric Nasdaq decreased by 1.78%.
The electric utility's stock has climbed by 3.86% in the past month, exceeding the Utilities sector's gain of 1.47% and the S&P 500's loss of 2.25%.
Analysts and investors alike will be keeping a close eye on the performance of Duke Energy in its upcoming earnings disclosure. In that report, analysts expect Duke Energy to post earnings of $1.84 per share. This would mark year-over-year growth of 4.55%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.45 billion, up 2.43% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.7 per share and a revenue of $33.24 billion, indicating changes of +6.18% and +3.13%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Duke Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% higher. As of now, Duke Energy holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Duke Energy is holding a Forward P/E ratio of 19.39. This signifies a premium in comparison to the average Forward P/E of 18.59 for its industry.
Also, we should mention that DUK has a PEG ratio of 2.82. 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 industry had an average PEG ratio of 2.77 as trading concluded yesterday.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 141, this industry ranks in the bottom 43% of all industries, numbering over 250.
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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Duke Energy (DUK) Increases Despite Market Slip: Here's What You Need to Know
Duke Energy (DUK - Free Report) closed the most recent trading day at $131.82, moving +1.38% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.52% for the day. On the other hand, the Dow registered a loss of 1.56%, and the technology-centric Nasdaq decreased by 1.78%.
The electric utility's stock has climbed by 3.86% in the past month, exceeding the Utilities sector's gain of 1.47% and the S&P 500's loss of 2.25%.
Analysts and investors alike will be keeping a close eye on the performance of Duke Energy in its upcoming earnings disclosure. In that report, analysts expect Duke Energy to post earnings of $1.84 per share. This would mark year-over-year growth of 4.55%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.45 billion, up 2.43% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.7 per share and a revenue of $33.24 billion, indicating changes of +6.18% and +3.13%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Duke Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% higher. As of now, Duke Energy holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Duke Energy is holding a Forward P/E ratio of 19.39. This signifies a premium in comparison to the average Forward P/E of 18.59 for its industry.
Also, we should mention that DUK has a PEG ratio of 2.82. 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 industry had an average PEG ratio of 2.77 as trading concluded yesterday.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 141, this industry ranks in the bottom 43% of all industries, numbering over 250.
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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.