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- Duke Energy‘s operating revenue for Q2 is $7.17 billion, surpassing the estimate of $6.75 billion.
- The Electric Utilities division reported an adjusted income of $1.12 billion.
- The Gas Utilities & Infrastructure segment’s adjusted income fell short, achieving $6 million compared to an estimated $21 million.
- Adjusted Earnings Per Share (EPS) are $1.18, higher than the estimated $1.02.
- Reported EPS stands at $1.13.
- Duke Energy maintains its full-year forecast for adjusted EPS between $5.85 and $6.10, with the current estimate being $5.97.
- Analysts have given 9 buy ratings, 11 hold ratings, and 0 sell ratings for Duke Energy.
Duke Energy on Smartkarma
Analysts from Baptista Research have initiated coverage on Duke Energy Corporation on Smartkarma, offering insights on the company’s financial performance and growth prospects. In their report titled “Duke Energy Corporation: Initiation of Coverage – Focus on Economic Development and Infrastructure Push Bound To Yield Results? – Major Drivers,” the analysts highlighted the company’s robust first-quarter 2024 results. Duke Energy‘s strong performance was attributed to strategic implementations, operational efficiencies, and a first-quarter adjusted earnings per share of $1.44, surpassing the previous year’s results by $0.24. Factors leading to this financial improvement include growth from rate reforms in different jurisdictions, increased retail volumes, and favorable weather conditions.
A look at Duke Energy Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 4 | |
Growth | 4 | |
Resilience | 2 | |
Momentum | 5 | |
OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Duke Energy shows strength in several key areas. With high scores in Dividend, Growth, and Momentum, the company demonstrates stability, potential for expansion, and strong market performance. Duke Energy‘s solid dividend score indicates a reliable payment to investors, while its growth score suggests promising future prospects. Furthermore, the company’s momentum score highlights its current positive trend in the market.
Duke Energy‘s lower scores in Value and Resilience indicate areas where improvement may be needed. Despite this, the company’s overall outlook appears positive, especially considering its significant presence in the energy sector across the Americas. With an integrated network of energy assets and a diverse portfolio of natural gas and electric businesses, Duke Energy is well-positioned to capitalize on opportunities for growth and success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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