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Duke Energy (DUK) Misses Q1 Earnings & Revenue Estimates

Zacks Equity Research

Charlotte, NC-based Duke Energy Corporation DUK is a diversified energy company with a wide portfolio of domestic and international, natural gas and electric and regulated and unregulated businesses which supplies, delivers and processes energy in North America and selected international markets. It is one of the leading electric utilities in the U.S.

Estimate Trend & Surprise History

Investors should note that Zacks Consensus Estimate for the fourth quarter earnings of $1.05 per share has decreased by 7 cents over the last 30 days.

Duke Energy has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 3.41%.

Zacks Rank: Currently, Duke Energy has a Zacks Rank #4 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: Duke Energy reported first quarter 2017 earnings of $1.04 missing the Zacks Consensus Estimate of $1.05.

Revenues: Duke Energy missed on revenues. Our consensus called for revenues of $5,803 million, and the company reported revenues of $5,729 million.

Guidance: The company reaffirmed its expectation to report its 2017 adjusted EPS in the range of $4.50−$4.70.

Duke Energy Corporation Price and EPS Surprise

Duke Energy Corporation Price and EPS Surprise | Duke Energy Corporation Quote

Check back later for our full write up on this Duke Energy earnings report!

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Duke Energy Corporation (DUK): Free Stock Analysis Report
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