Workflow
Duke Energy (DUK) Laps the Stock Market: Here's Why
DUKDuke Energy(DUK) ZACKS·2024-12-20 23:51

Company Performance - Duke Energy's shares have depreciated by 6.77% over the past month, outperforming the Utilities sector's loss of 7.05% and lagging behind the S&P 500's loss of 0.71% [1] - The company's earnings per share (EPS) are projected to be 1.69,reflectingan11.921.69, reflecting an 11.92% increase from the same quarter last year, with revenue expected to be 7.73 billion, showing a 7.23% escalation compared to the year-ago quarter [9] Financial Estimates - The Zacks Consensus Estimates suggest analysts expect earnings of 5.95pershareandrevenueof5.95 per share and revenue of 30.58 billion for the full year, marking changes of +7.01% and +5.24%, respectively, from last year [4] - The Zacks Rank system indicates Duke Energy currently features a Zacks Rank of 3 (Hold), with the consensus EPS estimate having moved 0.4% lower over the past month [10] Valuation Metrics - Duke Energy holds a Forward P/E ratio of 18.01, which is a premium compared to the industry average Forward P/E of 16.23 [5] - The company has a PEG ratio of 2.83, while the Utility - Electric Power industry holds an average PEG ratio of 2.54 [8] Industry Context - The Utility - Electric Power industry is part of the Utilities sector and currently holds a Zacks Industry Rank of 80, positioning it in the top 32% of all 250+ industries [3] - The Zacks Industry Rank assesses the strength of industry groups, showing that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [11]