Duke Energy (DUK) came out with quarterly earnings of $1.62 per share, missing the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.94 per share a year ago.
Utility company Duke Energy Corp (NYSE:DUK) missed earnings expectations as it calculated a total cost of between $2.4 billion and $2.9 billion to restore facilities damaged by three consecutive hurricanes, including the powerful Helene and Milton. The power giant, which serves 8.4 million customers in North and South Carolina, Florida, Indiana, Ohio and Kentucky, saw 5.5 million customer power outages after hurricanes Helene, Debby and Milton damaged transmission lines and other infrastructure.
Duke Energy said on Thursday it estimates the total cost to restore facilities damaged by Hurricanes Debby, Milton and Helene to be in the range of $2.4 billion to $2.9 billion.
Duke Energy (DUK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Duke Energy (DUK) closed at $114 in the latest trading session, marking a -0.36% move from the prior day.
Rowe Price, Duke Energy, Philip Morris International and Regions Financial are included in this Analyst Blog.
Investment in big corporates with regular dividend payments and a favorable Zacks Rank should be fruitful. Four such stocks are: TROW, DUK, PM, RF.
In the latest trading session, Duke Energy (DUK) closed at $117.06, marking a -0.13% move from the previous day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Duke Energy (DUK) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Duke Energy (DUK) reachead $119.89 at the closing of the latest trading day, reflecting a -0.72% change compared to its last close.
DUK makes a strong case for investment, given its growth prospects, high solvency and capability to increase shareholders' value through dividends.