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Duke Energy (DUK) closed the last trading day at $106.83, down -0.7% from the previous trading session. That move lagged the S&P 500’s daily 1.5% gain. Meanwhile, the Dow Jones gained 1.12% and the tech-heavy Nasdaq gained 0.32%.

Prior to today’s trading, shares of the power utility had lost 2.63% in the past month. That was narrower than the Utilities sector’s loss of 10.64% and the S&P 500’s loss of 6.54% during that time.

Investors are hoping for strength from Duke Energy as its next earnings release nears. In that report, analysts expect Duke Energy to post earnings of $1.18 per share. This would mark a year-over-year growth of 2.61%. Meanwhile, our latest consensus estimate calls for revenue of $6.05 billion, up 5.04% from the prior year quarter.

Looking to 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.

Any recent changes in analyst estimates for Duke Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.

Our research shows that these estimate changes are directly correlated to short-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these estimation changes and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past 30 days, our consensus EPS projection has remained stagnant. Duke Energy currently has a Zacks rank of #4 (sell).

In terms of valuation, Duke Energy is currently trading at a forward P/E ratio of 19.68. For comparison, its industry has an average Forward P/E of 18.66, meaning Duke Energy is trading at a premium to the group.

Additionally, it is worth mentioning that DUK has a PEG ratio of 3.24. This popular measure is similar to the widely known P/E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. Utility – Electric Power held an average PEG ratio of 3.19 at yesterday’s closing price.

The Utilities – Electric Power industry is part of the Utilities sector. This group has a Zacks industry ranking of 87, which places it in the top 35% of over 250 industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.