Duke Energy Corp (NYSE: DUK) has reported earnings for its first fiscal quarter (ending March 31) of $1.44 versus $1.28 for the same period a year ago — an increase of 12%. Relative to the consensus estimate of $1.49, this was a shortfall of $-0.05. For the latest four quarters through March 31, E.P.S. were $5.52 compared to $4.93 a year ago — an increase of 12%.
Recent Price Action
Duke Energy Corp (NYSE: DUK) stock increased 1.8% on 5/7/24. The shares closed at $102.26. Moreover, this advance was accompanied by unusually high trading volume at 178% of normal. The stock has performed in line with the market over the last nine months and has risen 3.6% during the last week.
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Duke Energy has a neutral Power Rating of 55 and a slightly positive Appreciation Score of 60, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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