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Duke Energy (DUK) Dips More Than Broader Market: What You Should Know
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In the latest close session, Duke Energy (DUK - Free Report) was down 1.84% at $114.17. The stock trailed the S&P 500, which registered a daily loss of 0.76%. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.13%.
The electric utility's stock has dropped by 4.34% in the past month, falling short of the Utilities sector's loss of 4.18% and the S&P 500's gain of 1.26%.
The upcoming earnings release of Duke Energy will be of great interest to investors. On that day, Duke Energy is projected to report earnings of $1.88 per share, which would represent year-over-year growth of 3.87%. Meanwhile, our latest consensus estimate is calling for revenue of $8.87 billion, up 3.85% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $6.72 per share and a revenue of $33.78 billion, demonstrating changes of +6.5% and +4.78%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Duke Energy. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.01% lower. At present, Duke Energy boasts a Zacks Rank of #3 (Hold).
Investors should also note Duke Energy's current valuation metrics, including its Forward P/E ratio of 17.32. This signifies a premium in comparison to the average Forward P/E of 16.62 for its industry.
One should further note that DUK currently holds a PEG ratio of 2.71. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Utility - Electric Power industry currently had an average PEG ratio of 2.46 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Duke Energy (DUK) Dips More Than Broader Market: What You Should Know
In the latest close session, Duke Energy (DUK - Free Report) was down 1.84% at $114.17. The stock trailed the S&P 500, which registered a daily loss of 0.76%. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.13%.
The electric utility's stock has dropped by 4.34% in the past month, falling short of the Utilities sector's loss of 4.18% and the S&P 500's gain of 1.26%.
The upcoming earnings release of Duke Energy will be of great interest to investors. On that day, Duke Energy is projected to report earnings of $1.88 per share, which would represent year-over-year growth of 3.87%. Meanwhile, our latest consensus estimate is calling for revenue of $8.87 billion, up 3.85% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $6.72 per share and a revenue of $33.78 billion, demonstrating changes of +6.5% and +4.78%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Duke Energy. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.01% lower. At present, Duke Energy boasts a Zacks Rank of #3 (Hold).
Investors should also note Duke Energy's current valuation metrics, including its Forward P/E ratio of 17.32. This signifies a premium in comparison to the average Forward P/E of 16.62 for its industry.
One should further note that DUK currently holds a PEG ratio of 2.71. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Utility - Electric Power industry currently had an average PEG ratio of 2.46 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.