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Duke Energy (DUK, $108.49) missed fiscal Q1 earnings expectations
Duke Energy Corporation posted its first-quarter 2022 earnings that missed Zacks Zacks Consensus Estimate.
The electric power company’s adjusted earnings rose +3.2% from the year-ago quarter to $1.30 per share, which fell short of the Zacks Consensus Estimate of $1.34 by 3%.
Higher volumes in the Electric Utilities and Infrastructure segment, along with growth and rate case contributions in the Gas Utilities and Infrastructure segment were tailwinds for the bottom line.
Operating revenues climbed +16% year-over-year to $7,132 million, exceeding the Zacks Consensus Estimate of $6,413 million.
Revenues from the company’s regulated electric unit were up +13.7% from the year-ago quarter to $5,933 million. This segment accounted for 83.2% of total revenues for the quarter).
Revenues from the regulated natural gas business climbed +33.8% year over year to $1,002 million.
Revenues of Non-regulated Electric and Other segment generated rose +8.2% year over year to $197 million.
For 2022, Duke Energy has reaffirmed its adjusted EPS guidance of $5.30-$5.60 per share. The Zacks Consensus Estimate for 2022 is $5.48 per share. The company also affirmed its forecast of long-term earnings per share growth in the range of 5-7% through 2026.
DUK's RSI Indicator climbs out of oversold territory
The RSI Indicator for DUK moved out of oversold territory on May 04, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In 17 of the 23 cases the stock moved higher. This puts the odds of a move higher at 74%.
Current price $110.07 crossed the support line at $109.79 and is trading between $116.58 resistance and $109.79 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -4% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +0.24% Uptrend.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 28 of 49 cases where DUK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 57%.
The Momentum Indicator moved above the 0 level on May 13, 2022. You may want to consider a long position or call options on DUK as a result. In 43 of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 46%.
DUK moved above its 50-day Moving Average on May 16, 2022 date and that indicates a change from a downward trend to an upward trend.
Following a +1.12% 3-day Advance, the price is estimated to grow further. Considering data from situations where DUK advanced for three days, in 167 of 361 cases, the price rose further within the following month. The odds of a continued upward trend are 46%.
DUK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 133 of 358 cases where DUK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 37%.
The Moving Average Convergence Divergence Histogram (MACD) for DUK turned negative on April 18, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In 14 of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at 34%.
The 10-day Moving Average for DUK crossed bearishly below the 50-day moving average on May 12, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 5 of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 26%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DUK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 33%.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 55%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.27.
The Tickeron Profit vs. Risk Rating rating for this company is 18 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 61, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 43 (best 1 - 100 worst), indicating steady price growth. DUK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 57 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.772) is normal, around the industry mean (1.755). P/E Ratio (22.989) is within average values for comparable stocks, (26.945). Projected Growth (PEG Ratio) (3.349) is also within normal values, averaging (3.736). Dividend Yield (0.036) settles around the average of (0.047) among similar stocks. P/S Ratio (3.224) is also within normal values, averaging (3.498).
The Tickeron SMR rating for this company is 64 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 87 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilities’ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.
The average market capitalization across the Electric Utilities Industry is 15.8B. The market cap for tickers in the group ranges from 500 to 137.1B. NEE holds the highest valuation in this group at 137.1B. The lowest valued company is SLTZ at 500.
The average weekly price growth across all stocks in the Electric Utilities Industry was 0.43%. For the same Industry, the average monthly price growth was -2.6%, and the average quarterly price growth was -0.71%. UEPCO experienced the highest price growth at 74.78%, while JENGQ experienced the biggest fall at -83.86%.
- 3/4/22 7:41 AM: Duke Energy (DUK, $102.64) was a top weekly gainer, with a +5.77% jump
The average weekly volume growth across all stocks in the Electric Utilities Industry was -13.89%. For the same stocks of the Industry, the average monthly volume growth was 13.51% and the average quarterly volume growth was 23.45%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Aroon Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 24%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.32.
37 stocks in the group of tickers confirmed the negative outlook based on the 15 indicator with average odds of 53%.
The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), Dominion Energy (NYSE:D), PG&E Corp (NYSE:PCG), NRG Energy (NYSE:NRG).
The average market capitalization across the group is 18.4B. The market cap for tickers in the group ranges from 0 to 137.1B. NEE holds the highest valuation in this group at 137.1B. The lowest valued company is JENGQ at 0.
The average weekly price growth across all stocks in the group was 0.91%. For the same group, the average monthly price growth was -3.57%, and the average quarterly price growth was 0.29%. UEPCO experienced the highest price growth at 74.78%, while JENGQ experienced the biggest fall at -82.53%.
- 5/14/22 4:24 AM: Edison International (EIX, $65.46) was a top loser this week, declining -6.88%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: Vistra (VST, $24.29) was a top loser this week, declining -6.29%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: NRG Energy (NRG, $41.79) was a top weekly gainer, with a +9.25% jump
The average weekly volume growth across all stocks in the group was 13.93%. For the same stocks of the group, the average monthly volume growth was 125.89% and the average quarterly volume growth was 106%
- 5/12/22 5:33 AM: The volume for Enel Societa Per Azioni stock increased for one day, resulting in a record-breaking daily growth of 207% of the 65-Day Volume Moving Average
- 4/30/22 5:51 AM: The volume for South Jersey Industries stock increased for one day, resulting in a record-breaking daily growth of 281% of the 65-Day Volume Moving Average
- 4/23/22 4:13 AM: The volume for Enel Americas SA stock increased for one day, resulting in a record-breaking daily growth of 260% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), Dominion Energy (NYSE:D), PG&E Corp (NYSE:PCG), NRG Energy (NYSE:NRG).
Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilities’ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.
The average market capitalization across the Electric Utilities Industry is 15.8B. The market cap for tickers in the group ranges from 500 to 137.1B. NEE holds the highest valuation in this group at 137.1B. The lowest valued company is SLTZ at 500.
The average weekly price growth across all stocks in the Electric Utilities Industry was 0.41%. For the same Industry, the average monthly price growth was -2.62%, and the average quarterly price growth was -0.73%. UEPCO experienced the highest price growth at 74.78%, while JENGQ experienced the biggest fall at -82.53%.
- 5/14/22 4:24 AM: Edison International (EIX, $65.46) was a top loser this week, declining -6.88%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: Vistra (VST, $24.29) was a top loser this week, declining -6.29%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: NRG Energy (NRG, $41.79) was a top weekly gainer, with a +9.25% jump
The average weekly volume growth across all stocks in the Electric Utilities Industry was -72.66%. For the same stocks of the Industry, the average monthly volume growth was -70.06% and the average quarterly volume growth was -62.6%
- 5/12/22 5:33 AM: The volume for Enel Societa Per Azioni stock increased for one day, resulting in a record-breaking daily growth of 207% of the 65-Day Volume Moving Average
- 4/30/22 5:51 AM: The volume for South Jersey Industries stock increased for one day, resulting in a record-breaking daily growth of 281% of the 65-Day Volume Moving Average
- 4/23/22 4:13 AM: The volume for Enel Americas SA stock increased for one day, resulting in a record-breaking daily growth of 260% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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