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Duke Energy (DUK) Stock Sinks As Market Gains: Here's Why
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Duke Energy (DUK - Free Report) closed at $125.97 in the latest trading session, marking a -2.8% move from the prior day. This change lagged the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
Coming into today, shares of the electric utility had gained 4.33% in the past month. In that same time, the Utilities sector gained 3.93%, while the S&P 500 lost 0.9%.
The upcoming earnings release of Duke Energy will be of great interest to investors. The company's upcoming EPS is projected at $1.33, signifying a 6.40% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $7.7 billion, indicating a 2.59% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.71 per share and a revenue of $33.66 billion, demonstrating changes of +6.34% and +4.43%, respectively, from the preceding year.
Any recent changes to analyst estimates for Duke Energy should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Duke Energy boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Duke Energy is currently trading at a Forward P/E ratio of 19.33. This expresses a premium compared to the average Forward P/E of 18.72 of its industry.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 103, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Duke Energy (DUK) Stock Sinks As Market Gains: Here's Why
Duke Energy (DUK - Free Report) closed at $125.97 in the latest trading session, marking a -2.8% move from the prior day. This change lagged the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
Coming into today, shares of the electric utility had gained 4.33% in the past month. In that same time, the Utilities sector gained 3.93%, while the S&P 500 lost 0.9%.
The upcoming earnings release of Duke Energy will be of great interest to investors. The company's upcoming EPS is projected at $1.33, signifying a 6.40% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $7.7 billion, indicating a 2.59% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.71 per share and a revenue of $33.66 billion, demonstrating changes of +6.34% and +4.43%, respectively, from the preceding year.
Any recent changes to analyst estimates for Duke Energy should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Duke Energy boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Duke Energy is currently trading at a Forward P/E ratio of 19.33. This expresses a premium compared to the average Forward P/E of 18.72 of its industry.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 103, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.