Duke Energy Corporation (NYSE:DUK) is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.79 per share.
Looking ahead, the full year income are expected at $ 5.08 per share on the revenues of $ 25212.30 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.05 ~ $ 5.45 per share
Click Here For More Historical Outlooks Of Duke Energy Corporation
Previous Quarter Performance
Duke Energy Corporation came out with income for the second quarter of $ 1.08 per share, from the revenue of $ 5,421.00 million. The quarterly earnings decreased 3.57 percent while revenues contracted 7.70 percent compared with the same quarter last year.
Wall street analysts are predicting, DUK to report 2Q20 income of $ 1.03 per share from revenue of $ 5846.80 million. The bottom line results beat street analysts by $ 0.05 or 4.85 percent, at the same time, top line results fell short of analysts by $ 425.8 million or 7.28 percent.
Stock Performance
Shares of Duke Energy Corporation traded low $ -1.97 or -2.06 percent on Wednesday, reaching $ 93.55 with volume of 2.80 million shares. Duke Energy Corporation has traded high as $ 96.73 and has cracked $ 93.55 on the downward trend
The closing price of $ 93.55, representing a 53.74 % increase from the 52 week low of $ 62.13 and a 7.97 % decrease over the 52 week high of $ 103.79.
The company has a market capital of $ 68.80 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 15th October 2020, downgraded by Credit Suisse Group to Neutral from Outperform rating, with $ 93.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 94.00 target price.
- On 1st October 2020, downgraded by Scotiabank to Sector Perform from Sector Outperform rating.
- On 9th September 2020, upgraded by Bank of America to Buy from Neutral rating, with $ 85.00 target price.
Conference Call
Duke Energy Corporation will be hosting a conference call at 11:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.duke-energy.com
Duke Energy Corporation operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
