- Duke Energy ( NYSE: DUK ) is scheduled to announce Q2 earnings results on Thursday, February 10th, before market open.
- The consensus EPS Estimate is $1.08 (-6.1% Y/Y) and the consensus Revenue Estimate is $5.79B (+0.5% Y/Y).
- Over the last 2 years, DUK has beaten EPS estimates 75% of the time and has beaten revenue estimates 13% of the time.
- Over the last 3 months, EPS estimates have seen 1 upward revision and 9 downward. Revenue estimates have seen 1 upward revision and 3 downward.
- In its Q1 earnings, the company reaffirmed 2022 adj. EPS guidance to range between $5.3 to $5.6; reaffirmed growth rate of 5-7% through 2026 off midpoint of original 2021 guidance range.
- The company’s service territories experienced mixed weather patterns with some wildfire activities causing outages and possible damage to company infrastructure; overall weather pattern might have a moderate impact on the company’s Q2 top-line.
- Customer growth, coupled with positive rate case outcomes across various regions, is expected to have favourably impacted the company revenues.
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The company boosts of a 3.6% dividend yield with long-term dividend growth commitment; recently, the company declared a quarterly dividend of $1.005/share, 2% Y/Y increase; SA Contributor Khen Elazar recently wrote, "Duke Energy Is A Stable Dividend Growth Investment"
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Of the 20 Wall Street Analysts covering the stock, 13 rate it a Hold while 5 assign a Strong Buy rating; in-line, Quant rating stands at Hold.
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YTD, the stock gained 6.3% and is trading close to its 52-week high levels.
For further details see:
What's in store for Duke Energy Q2 Earnings?