Duke Energy’s (DUK) Tops Q3 Earnings, Misses Sales 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 third quarter earnings of $1.56 per share increased by a penny over the last seven days.

Duke Energy has surpassed the Zacks Consensus Estimate in one of the last four quarters, resulting in a positive average surprise of 1.21%.

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.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 third-quarter 2017 earnings of $1.59 per share, which surpassed the Zacks Consensus Estimate of $1.56.

Revenues: Duke Energy missed on revenues. Our consensus called for revenues of $6,745.8 million, and the company reported revenues of $6,482 million.

Guidance: The company narrowed its earnings expectation for 2017. It expects to generate adjusted EPS in the range of $4.50-$4.60, compared to prior guidance range of $4.50-$4.70.

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

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