Yahoo Finance Duke Energy (DUK) Outpaces Stock Market Gains: What You Should Know
Duke Energy (DUK) closed the most recent trading day at $107.58, moving +1.17% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.36%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the electric utility had lost 5.34% over the past month, outpacing the Utilities sector's loss of 10.89% and the S&P 500's loss of 6.59% in that time.
Investors will be hoping for strength from Duke Energy as it approaches its next earnings release. On that day, Duke Energy is projected to report earnings of $1.18 per share, which would represent year-over-year growth of 2.61%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.05 billion, up 5.04% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.47 per share and revenue of $26.76 billion. These totals would mark changes of +4.39% and +6.64%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Duke Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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 remained stagnant. Duke Energy is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Duke Energy is holding a Forward P/E ratio of 19.45. This valuation marks a premium compared to its industry's average Forward P/E of 18.58.
Meanwhile, DUK's PEG ratio is currently 3.2. 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. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.15 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 87, putting it in the top 35% 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.
To follow DUK in the coming trading sessions, be sure to utilize Zacks.com.
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