In the latest trading session, Duke Energy (DUK - Free Report) closed at $87.67, marking a -0.53% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.06%. Meanwhile, the Dow lost 1.81%, and the Nasdaq, a tech-heavy index, lost 2.99%.
Coming into today, shares of the electric utility had gained 1.95% in the past month. In that same time, the Utilities sector lost 0.71%, while the S&P 500 lost 6.47%.
Wall Street will be looking for positivity from DUK as it approaches its next earnings report date. This 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.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.74 per share and revenue of $24 billion. These totals would mark changes of +3.72% and +1.61%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for DUK. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. DUK is currently a Zacks Rank #2 (Buy).
Digging into valuation, DUK currently has a Forward P/E ratio of 18.6. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 18.6.
We can also see that DUK currently has a PEG ratio of 3.7. 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. DUK's industry had an average PEG ratio of 3.42 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 36% of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.