Duke Energy (DUK) Q3 Earnings Lag Estimates

Core Viewpoint - Duke Energy reported quarterly earnings of $1.62 per share, missing the Zacks Consensus Estimate of$ 1.73 per share, and down from $1.94 per share a year ago, indicating an earnings surprise of -6.36% [1][2] Financial Performance - The company posted revenues of$ 8.15 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.98%, compared to $7.99 billion in the same quarter last year [2] - Over the last four quarters, Duke Energy has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Duke Energy shares have increased approximately 17.1% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 1.65 on revenues of $7.66 billion, and for the current fiscal year, it is$ 5.98 on revenues of $30.47 billion [7] - The estimate revisions trend for Duke Energy is currently favorable, which may influence future stock movements [6][5] Industry Context - The Utility - Electric Power industry is ranked in the top 37% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]