Duke Energy DUK unveils its next round of earnings this Tuesday, August 2, 2011. Get prepared with Benzinga's ultimate preview for Duke Energy's second quarter earnings.
Earnings and Revenue:
Analysts are predicting an EPS reading of 30 cents per share and revenues of $3.32 billion. Investors will be keen to see how this quarter's numbers stack up against the year-ago quarter's positive EPS of 34 cents per share on revenues of $3.29 billion. We'll have to wait for Tuesday to see if Duke Energy reports a decline in EPS and a boost in revenue from the year-ago quarter, as analysts are predicting.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | $0.35 | $0.23 | $0.42 | $0.28 |
EPS Actual | $0.39 | $0.21 | $0.51 | $0.34 |
Stock Performance:
At last check, shares of Duke Energy were trading at $18.76. Since January 1st, shares of Duke Energy have given investors a return of 8.1%. For a full 12 months, the return has risen by 12%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for Duke Energy is a Moderate Sell. This rating has strengthened slightly over the past ninety days.
Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Duke Energy's peers.
- American Electric Power Company AEP: Hold with a $0.82 recent quarter EPS
- ALLETE ALE: Moderate Buy with a $1.07 recent quarter EPS
- Dominion Resources D: Hold with a $0.93 recent quarter EPS
- DPL DPL: Hold with a $0.56 recent quarter EPS
Duke Energy is in the utility-electric power industry, which has experienced price/earnings growth of 2.6%.
Finally, a description of the company's main areas of operation: Duke Energy offers electric power and gas distribution operations and other energy services in North and South America.
Take Action:
There is your peek into Duke Energy's upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap of the announcement. In the meantime, here are some links to explore today.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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