Duke Energy Corp (NYSE: DUK) has reported earnings for its second fiscal quarter (ending June 30) of $1.14 versus $0.92 for the same period a year ago — an increase of 24%. Relative to the consensus estimate of $1.02, this was a premium of $0.12. For the latest four quarters through June 30, E.P.S. were $5.75 compared to $4.68 a year ago — an increase of 23%.
Recent Price Action
Duke Energy Corp (NYSE: DUK) stock closed at $112.92 on 8/6/24 after an increase of 1.7%. Moreover, this advance was accompanied by unusually high trading volume at 151% of normal. The stock has risen 3.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DUK is expected to continue to be an important Value Builder.
Duke Energy has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Duke Energy has a neutral Appreciation Score of 56 and a slightly positive Power Rating of 69, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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