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Abhoy Sarkar's Avatar
published in Blogs
May 13, 2022

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.

Related Ticker: DUK

DUK in upward trend: price may jump up because it broke its lower Bollinger Band on May 16, 2023

DUK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where DUK's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where DUK's RSI Indicator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 48 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DUK advanced for three days, in of 361 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DUK as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for DUK turned negative on May 02, 2023. 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 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

DUK moved below its 50-day moving average on May 16, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for DUK crossed bearishly below the 50-day moving average on May 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 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 .

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 of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for DUK entered a downward trend on June 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 68, placing this stock better than average.

The Tickeron Valuation Rating of (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 (1.469) is normal, around the industry mean (1.722). P/E Ratio (18.484) is within average values for comparable stocks, (42.819). Projected Growth (PEG Ratio) (2.716) is also within normal values, averaging (2.870). Dividend Yield (0.045) settles around the average of (0.051) among similar stocks. P/S Ratio (2.391) is also within normal values, averaging (3.348).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. DUK’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (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.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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.

Notable companies

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).

Industry description

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.

Market Cap

The average market capitalization across the Electric Utilities Industry is 17.12B. The market cap for tickers in the group ranges from 500 to 149.43B. NEE holds the highest valuation in this group at 149.43B. The lowest valued company is SLTZ at 500.

High and low price notable news

The average weekly price growth across all stocks in the Electric Utilities Industry was 1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 5%. EDN experienced the highest price growth at 28%, while EWCLF experienced the biggest fall at -55%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was -65%. For the same stocks of the Industry, the average monthly volume growth was -63% and the average quarterly volume growth was -70%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 41
P/E Growth Rating: 68
Price Growth Rating: 50
SMR Rating: 79
Profit Risk Rating: 68
Seasonality Score: 13 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a company which engages in electric power and gas distribution operations and other energy services

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
550 South Tryon Street
Phone
+1 704 382-3853
Employees
28798
Web
http://www.duke-energy.com
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DUK and

Correlation & Price change

A.I.dvisor indicates that over the last year, DUK has been closely correlated with CMS. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if DUK jumps, then CMS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DUK
1D Price
Change %
DUK100%
+0.54%
CMS - DUK
92%
Closely correlated
+1.08%
XEL - DUK
92%
Closely correlated
+1.28%
LNT - DUK
91%
Closely correlated
+0.58%
WEC - DUK
91%
Closely correlated
+0.77%
AEE - DUK
91%
Closely correlated
+0.95%
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