In the latest trading session, Duke Energy (DUK - Free Report) closed at $90.05, marking a +0.48% move from the previous day. The stock outpaced the S&P 500's daily loss of 3.24%. At the same time, the Dow lost 3.1%, and the tech-heavy Nasdaq lost 3.8%.
Coming into today, shares of the electric utility had gained 8.51% in the past month. In that same time, the Utilities sector gained 4.95%, while the S&P 500 gained 2.73%.
DUK will be looking to display strength as it nears its next earnings release, which is expected to be February 19, 2019. In that report, analysts expect DUK to post earnings of $0.91 per share. This would mark a year-over-year decline of 3.19%. Our most recent consensus estimate is calling for quarterly revenue of $5.80 billion, down 0.83% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.74 per share and revenue of $24 billion, which would represent changes of +3.72% and +1.61%, respectively, from the prior year.
Any recent changes to analyst estimates for DUK should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 0.43% higher. DUK is currently a Zacks Rank #3 (Hold).
In terms of valuation, DUK is currently trading at a Forward P/E ratio of 18.91. This represents a discount compared to its industry's average Forward P/E of 18.92.
Investors should also note that DUK has a PEG ratio of 3.76 right now. 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 currently had an average PEG ratio of 3.55 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 79, putting it in the top 31% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.