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ZACKS: Duke Energy (DUK) Gains But Lags Market: What You Should Know

Zacks Investment Research - Thu Jan 17, 4:45PM CST

Duke Energy (DUK) closed the most recent trading day at $85.64, moving +0.43% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.67%, and the Nasdaq, a tech-heavy index, added 0.71%.

Heading into today, shares of the electric utility had lost 2.25% over the past month, outpacing the Utilities sector's loss of 3.05% and lagging the S&P 500's gain of 0.75% in that time.

DUK will be looking to display strength as it nears its next earnings release, which is expected to be February 14, 2019. On that day, DUK is projected to report earnings of $0.90 per share, which would represent a year-over-year decline of 4.26%. Meanwhile, our latest consensus estimate is calling for revenue of $5.81 billion, down 0.71% from the prior-year quarter.

Investors should also note any recent changes to analyst estimates for DUK. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.07% lower. DUK is currently a Zacks Rank #3 (Hold).

Looking at its valuation, DUK is holding a Forward P/E ratio of 17.19. This valuation marks a discount compared to its industry's average Forward P/E of 17.78.

It is also worth noting that DUK currently has a PEG ratio of 3.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Utility - Electric Power industry currently had an average PEG ratio of 3.2 as of yesterday's close.

The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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