DUK - Duke Energy Q2 earnings on deck what to expect

2023-08-07 13:38:37 ET

• Duke Energy ( NYSE: DUK ) is scheduled to announce Q2 earnings results on Tuesday, August 8th, before market open.
• The consensus EPS estimate is $0.98 and the consensus revenue estimate is $6.06 billion (-9.4% Y/Y).
• Over the last 2 years, DUK has beaten EPS estimates 50% of the time and has beaten revenue estimates 38% of the time.
• Over the last 3 months, EPS estimates have seen 0 upward revisions and 9 downward. Revenue estimates have seen 0 upward revisions and 3 downward.
• The company on May 9 reported Q1 non-GAAP EPS of $1.20 on revenue of $7.28 billion.
• DUK has a Quant rating of " HOLD ", with a 3.03 rating score.
• DUK has an industry ranking of 22 out of 41 among electric utilities stocks, as per SA's Quant ranking.
• Wall Street and Seeking Alpha authors rate the DUK stock a " BUY ".
• DUK stock rose 3.4% in 2022, while the benchmark S&P 500 Index slipped nearly 20% for the year.
• Stock is down 12% so far this year as of Friday's close. The S&P 500 Utilities Index is down 9.4% YTD.

Recent analyses on DUK:

" Duke is a solid company. They are currently going through a long-term portfolio update. Their planned portfolio carries a large amount of renewables and will remove much of their exposure to changes in the price of fuel. This also means that as 2050 approaches, Duke will carry a large amount of relatively newer assets. I expect them to experience lower overhead from maintenance cost savings. Companies that do not stay adaptable risk losing their competitive edges and slowly slipping away into irrelevancy. I believe the diversity of energy sources that Duke is steadily incorporating into its portfolio, is incrementally granting them additional resilience ," writes SA contributor Blake Downer in a July 10 report .

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