Duke Energy(DUK) ZACKS·2024-10-28 23:06Company Overview - Duke Energy's stock closed at 1.73, indicating a 10.82% decrease from the same quarter last year [2] - Revenue is forecasted to be 5.98 per share and revenue at $30.37 billion, reflecting increases of +7.55% and +4.5% respectively from the previous year [3] - Changes in analyst estimates for Duke Energy are crucial as they often indicate shifts in short-term business dynamics, with positive revisions seen as favorable for the company's outlook [3] Zacks Rank and Performance - Duke Energy currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate having increased by 0.06% over the past month [5] - The Zacks Rank system has a strong historical performance, with 1 ranked stocks yielding an average annual return of +25% since 1988 [5] Valuation Metrics - Duke Energy's Forward P/E ratio stands at 19.61, which is higher than the industry's average Forward P/E of 17.24 [6] - The company has a PEG ratio of 3.2, compared to the Utility - Electric Power industry's average PEG ratio of 2.75 [6] Industry Context - The Utility - Electric Power industry is ranked 86 in the Zacks Industry Rank, placing it in the top 35% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]