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In the latest market close, Duke Energy (DUK) reached $120.67, with a +0.68% movement compared to the previous day. This change outpaced the S&P 500's 0.06% gain on the day. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq lost 0.1%.
Shares of the electric utility witnessed a gain of 0.37% over the previous month, trailing the performance of the Utilities sector with its gain of 2.85% and outperforming the S&P 500's loss of 4.29%.
The upcoming earnings release of Duke Energy will be of great interest to investors. The company's earnings report is expected on May 6, 2025. The company's upcoming EPS is projected at $1.59, signifying a 10.42% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $8 billion, indicating a 4.26% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.32 per share and a revenue of $31.72 billion, signifying shifts of +7.12% and +4.48%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Duke Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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 remained stagnant within the past month. Duke Energy currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Duke Energy is at present trading with a Forward P/E ratio of 18.95. Its industry sports an average Forward P/E of 18.07, so one might conclude that Duke Energy is trading at a premium comparatively.
It's also important to note that DUK currently trades at a PEG ratio of 2.99. 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 industry had an average PEG ratio of 2.69 as trading concluded yesterday.