DUK - Duke Energy Q1 2023 earnings on deck what to expect

2023-05-08 11:06:40 ET

• Duke Energy ( NYSE: DUK ) is scheduled to announce Q1 earnings results on Tuesday, May 9th, before market open.
• The consensus EPS estimate is $1.26 and the consensus revenue estimate is $6.26B.
• Over the last 2 years, DUK has beaten EPS estimates 63% of the time and has beaten revenue estimates 25% of the time.
• Over the last 3 months, EPS estimates have seen 0 upward revisions and 5 downward. Revenue estimates have seen 0 upward revisions and 1 downward.
• The company on Feb. 9 reported Q4 Non-GAAP EPS of $1.11, beating estimates by 4 cents.
• DUK has a Quant rating of "Buy", with a 3.85 rating score.
• DUK has an industry ranking of 6 out of 41 among electric utilities stocks, as per SA's Quant ranking, one spot behind Exelon.
• Wall Street analysts and Seeking Alpha authors rate the DUK stock "Buy".
• Recent Analysis: Gen Alpha, leader of the " Hoya Capital Income Builder " Investing Group on Seeking Alpha, wrote in a recently published report , "While DUK may seem like a boring utility, there's nothing boring about potential returns, as management is guiding for 7% adjusted EPS growth this year, to $5.65 per share at the midpoint. This fits within management's long-term annual growth target in the 5% to 7% range through 2027."
• Gen Alpha also highlighted that renewables are expected to be a meaningful growth driver for DUK.
• Seeking Alpha contributor Zen Analyst recently said , "Duke Energy's substantial capital expenditure plan, combined with its operations in favorable regulatory jurisdictions, should drive rate base and earnings growth in the coming years. We believe that Duke can achieve the upper half of management's 5%-7% earnings growth target, positioning the company for success in the clean energy transition. However, investors should not ignore the challenges, including regulatory risk, rising interest rates, and management credibility issues. Overall, Duke Energy presents an attractive valuation, given its focus on core regulated operations and investment in forward-looking energy technologies, but investors must weigh the potential risks and rewards carefully before making a decision."
• Recent News: Duke Energy 250 MW solar plant now online in Texas .
• Florida regulator OKs Duke Energy fuel, capacity and storm restoration costs .
• Duke Energy prices $1.5B senior notes .
• DUK stock rose 3.4% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.

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