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Duke Energy (DUK) Increases Despite Market Slip: Here's What You Need to Know
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In the latest close session, Duke Energy (DUK - Free Report) was up +1.01% at $128.40. This move outpaced the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%.
The stock of electric utility has risen by 2.71% in the past month, leading the Utilities sector's gain of 1.12% and the S&P 500's loss of 1.42%.
Market participants will be closely following the financial results of Duke Energy in its upcoming release. On that day, Duke Energy is projected to report earnings of $1.33 per share, which would represent year-over-year growth of 6.4%. Meanwhile, the latest consensus estimate predicts the revenue to be $7.7 billion, indicating a 2.59% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.71 per share and revenue of $33.66 billion, which would represent changes of +6.34% and +4.43%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Duke Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Duke Energy is currently a Zacks Rank #2 (Buy).
In terms of valuation, Duke Energy is currently trading at a Forward P/E ratio of 18.95. This indicates a premium in contrast to its industry's Forward P/E of 18.19.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
View the Zacks #1 Rank List
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Duke Energy (DUK) Increases Despite Market Slip: Here's What You Need to Know
In the latest close session, Duke Energy (DUK - Free Report) was up +1.01% at $128.40. This move outpaced the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%.
The stock of electric utility has risen by 2.71% in the past month, leading the Utilities sector's gain of 1.12% and the S&P 500's loss of 1.42%.
Market participants will be closely following the financial results of Duke Energy in its upcoming release. On that day, Duke Energy is projected to report earnings of $1.33 per share, which would represent year-over-year growth of 6.4%. Meanwhile, the latest consensus estimate predicts the revenue to be $7.7 billion, indicating a 2.59% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.71 per share and revenue of $33.66 billion, which would represent changes of +6.34% and +4.43%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Duke Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Duke Energy is currently a Zacks Rank #2 (Buy).
In terms of valuation, Duke Energy is currently trading at a Forward P/E ratio of 18.95. This indicates a premium in contrast to its industry's Forward P/E of 18.19.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.