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Duke Energy (DUK) Dips More Than Broader Markets: What You Should Know

Duke Energy (DUK) closed at $103.04 in the latest trading session, marking a -1.43% move from the prior day.

This story originally appeared on Zacks

Duke Energy (DUK) closed the most recent trading day at $103.04, moving -1.43% from the previous trading session. This change lagged the S&P 500's 1.03% loss on the day. Meanwhile, the Dow lost 1.48%, and the Nasdaq, a tech-heavy index, lost 0.24%.

- Zacks

Heading into today, shares of the electric utility had gained 6.27% over the past month, outpacing the Utilities sector's gain of 4.14% and the S&P 500's loss of 0.62% in that time.

Investors will be hoping for strength from Duke Energy as it approaches its next earnings release. In that report, analysts expect Duke Energy to post earnings of $0.99 per share. This would mark a year-over-year decline of 3.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.15 billion, up 6.53% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.22 per share and revenue of $25.02 billion. These totals would mark changes of +1.95% and +4.81%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for Duke Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. Duke Energy is holding a Zacks Rank of #3 (Hold) right now.

Digging into valuation, Duke Energy currently has a Forward P/E ratio of 20.02. Its industry sports an average Forward P/E of 19.39, so we one might conclude that Duke Energy is trading at a premium comparatively.

Also, we should mention that DUK has a PEG ratio of 3.79. 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 was holding an average PEG ratio of 3.61 at yesterday's closing price.

The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 120, putting it in the top 48% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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