What to Look for in Duke Earnings
Duke Energy is scheduled to report its fourth-quarter financial results before the markets open on Thursday.
Duke Energy Corp. (NYSE: DUK) is scheduled to report its fourth-quarter financial results before the markets open on Thursday. Thomson Reuters consensus estimates call for $0.90 in earnings per share (EPS) on revenue of $6.29 billion. The same period from the previous year had EPS of $0.86 and $5.56 billion in revenue.
Over the course of 2015, this company was able to offset weakness in the international business with favorable weather, solid operational performance in the regulated business and benefits from closing certain strategic initiatives earlier than anticipated.
Duke has solid fundamentals. The company’s rate base growth over the next four to five years is expected to be above the peer-group average, which should drive long-term earnings and cash flow growth.
Other positive fundamentals include the company’s improving balance sheet, generally positive relationship with state regulators, operating efficiencies and well-managed nuclear-generating assets.
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A few analysts weighed in on the company prior to the earnings report:
- SunTrust has a Neutral rating with a $79 price target.
- Wells Fargo has a Market Perform rating with a $77 price target.
- Merrill Lynch has a Neutral rating with a $73 price target.
- Argus has a Buy rating with an $81 price target.
So far in 2016, Duke is outperforming the broad markets, with the stock up 8% year to date. It is flat over the past 52 weeks, though.
Shares of Duke were trading down 0.9% at $75.60 on Wednesday, with a consensus analyst price target of $76.63 and a 52-week trading range of $65.50 to $81.42.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
