Here is What to Know Beyond Why Duke Energy Corporation (DUK) is a Trending Stock

19.06.24 15:00 Uhr

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Duke Energy (DUK) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this electric utility have returned -4.2%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Utility - Electric Power industry, which Duke Energy falls in, has lost 6.6%. The key question now is: What could be the stock's future direction?Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For the current quarter, Duke Energy is expected to post earnings of $0.99 per share, indicating a change of +8.8% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.3% over the last 30 days.The consensus earnings estimate of $5.97 for the current fiscal year indicates a year-over-year change of +7.4%. This estimate has remained unchanged over the last 30 days.For the next fiscal year, the consensus earnings estimate of $6.34 indicates a change of +6.2% from what Duke Energy is expected to report a year ago. Over the past month, the estimate has remained unchanged.With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Duke Energy.The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.For Duke Energy, the consensus sales estimate for the current quarter of $6.65 billion indicates a year-over-year change of +1.1%. For the current and next fiscal years, $29.99 billion and $30.87 billion estimates indicate +3.2% and +2.9% changes, respectively.Last Reported Results and Surprise HistoryDuke Energy reported revenues of $7.67 billion in the last reported quarter, representing a year-over-year change of +5.4%. EPS of $1.44 for the same period compares with $1.20 a year ago.Compared to the Zacks Consensus Estimate of $7.71 billion, the reported revenues represent a surprise of -0.54%. The EPS surprise was +3.6%.Over the last four quarters, Duke Energy surpassed consensus EPS estimates two times. The company topped consensus revenue estimates just once over this period.ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Duke Energy is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Duke Energy. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.Top 5 Dividend Stocks for Your RetirementZacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.See our Top 5 now – the report is FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Duke Energy Corporation (DUK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Duke Energy Corp

Analysen zu Duke Energy Corp

DatumRatingAnalyst
24.07.2018Duke Energy Sector OutperformScotia Howard Weil
06.07.2018Duke Energy Market PerformBMO Capital Markets
26.02.2018Duke Energy BuyDeutsche Bank AG
04.08.2017Duke Energy Market PerformBMO Capital Markets
07.11.2016Duke Energy Sector PerformScotia Howard Weil
DatumRatingAnalyst
24.07.2018Duke Energy Sector OutperformScotia Howard Weil
06.07.2018Duke Energy Market PerformBMO Capital Markets
26.02.2018Duke Energy BuyDeutsche Bank AG
04.08.2017Duke Energy Market PerformBMO Capital Markets
22.02.2016Duke Energy BuyArgus Research Company
DatumRatingAnalyst
07.11.2016Duke Energy Sector PerformScotia Howard Weil
19.05.2016Duke Energy NeutralMizuho
18.03.2016Duke Energy NeutralMizuho
17.11.2015Duke Energy Sector PerformScotia Howard Weil
09.11.2015Duke Energy NeutralUBS AG
DatumRatingAnalyst
27.05.2005Update Duke Energy Corp.: UnderperformGoldman Sachs

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Duke Energy Corp nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"