Duke Energy (DUK) Falls More Steeply Than Broader Market: What Investors Need to Know

Company Performance - Duke Energy's stock closed at $114, reflecting a -0.36% change from the previous day, underperforming the S&P 500's loss of 0.33% [1] - Over the past month, Duke Energy's stock has decreased by 1.56%, which is better than the Utilities sector's decline of 4.45% but worse than the S&P 500's increase of 1.83% [1] Upcoming Earnings - Duke Energy is scheduled to release its earnings report on November 7, 2024, with an expected EPS of$ 1.73, indicating a 10.82% decline year-over-year [2] - The consensus estimate for revenue is projected at $8 billion, showing a slight increase of 0.01% compared to the same quarter last year [2] Annual Forecast - For the full year, Zacks Consensus Estimates predict earnings of$ 5.98 per share and revenue of $30.37 billion, representing increases of +7.55% and +4.5% respectively compared to the previous year [3] Analyst Estimates and Rankings - Recent revisions to analyst estimates for Duke Energy are important as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which incorporates estimate changes, currently ranks Duke Energy as 2 (Buy), with a recent upward shift of 0.06% in the EPS estimate [5] Valuation Metrics - Duke Energy has a Forward P/E ratio of 19.14, which is higher than the industry's average Forward P/E of 17.13 [5] - The company has a PEG ratio of 3.12, compared to the Utility - Electric Power industry's average PEG ratio of 2.76 [6] Industry Context - The Utility - Electric Power industry, part of the broader Utilities sector, holds a Zacks Industry Rank of 102, placing it in the top 41% of over 250 industries [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]