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Duke Energy (DUK) Q1 Earnings In Line with Estimate

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 first quarter earnings of $1.13 per share has decreased by 6 cents over the last 30 days.

The company's track record for earnings surprises has not been encouraging. Duke Energy has surpassed the Zacks Consensus Estimate in only one out of last four quarters, resulting in a negative average surprise of 1.72%.

Zacks Rank: Currently, Duke Energy has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: Duke Energy reported first quarter 2016 earnings of $1.13, in line with the Zacks Consensus Estimate.

Revenues: Duke Energy missed on revenues. Our consensus called for revenues of $6,059 million, and the company reported revenues of $5,622 million.

Key Stats: Duke Energy’s total retail sales from regulated utilities for the quarter decreased 3.9% to 51,586 gigawatt hours.

The company reaffirmed its 2016 adjusted EPS guidance of $4.50−$4.70.

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

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DUKE ENERGY CP (DUK): Free Stock Analysis Report
 
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