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Duke Energy (DUK) Gains As Market Dips: What You Should Know

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In the latest trading session, Duke Energy (DUK) closed at $102.31, marking a +0.14% move from the previous day. This change outpaced the S&P 500's 1.1% loss on the day. At the same time, the Dow lost 0.89%, and the tech-heavy Nasdaq gained 0.03%.

Coming into today, shares of the electric utility had lost 0.96% in the past month. In that same time, the Utilities sector lost 0.15%, while the S&P 500 lost 1.81%.

Duke Energy will be looking to display strength as it nears its next earnings release, which is expected to be February 10, 2022. On that day, Duke Energy is projected to report earnings of $0.99 per share, which would represent a year-over-year decline of 3.88%. Meanwhile, our latest consensus estimate is calling for revenue of $6.15 billion, up 6.52% from the prior-year quarter.

Any recent changes to analyst estimates for Duke Energy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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 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 0.03% lower within the past month. Duke Energy currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Duke Energy has a Forward P/E ratio of 18.67 right now. For comparison, its industry has an average Forward P/E of 18.16, which means Duke Energy is trading at a premium to the group.

Meanwhile, DUK's PEG ratio is currently 3.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Utility - Electric Power was holding an average PEG ratio of 3.36 at yesterday's closing price.

The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 37% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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