In the latest trading session, Duke Energy (DUK - Free Report) closed at $94.24, marking a +0.24% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.52%, and the Nasdaq, a tech-heavy index, lost 0.14%.
Heading into today, shares of the electric utility had lost 0.74% over the past month, outpacing the Utilities sector's loss of 0.87% and lagging the S&P 500's gain of 2.46% in that time.
Wall Street will be looking for positivity from DUK as it approaches its next earnings report date. This is expected to be November 8, 2019. The company is expected to report EPS of $1.69, up 2.42% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.82 billion, up 2.83% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.98 per share and revenue of $25.01 billion. These totals would mark changes of +5.51% and +1.99%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for DUK. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.13% lower within the past month. DUK currently has a Zacks Rank of #3 (Hold).
Investors should also note DUK's current valuation metrics, including its Forward P/E ratio of 18.89. This represents a discount compared to its industry's average Forward P/E of 21.07.
It is also worth noting that DUK currently has a PEG ratio of 3.87. 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 3.82 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 77, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.