Duke Energy Corp First Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Duke Energy Corp (NYSE:DUK) will unveil its latest earnings on Friday, May 4, 2012. Duke Energy offers electric power and gas distribution operations and other energy services in North and South America.

Duke Energy Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 36 cents per share, a decline of 7.7% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 37 cents during the last month. Analysts are projecting profit to rise by 2.7% versus last year to $1.42.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at profit of 24 cents a share versus the estimate of net income of 21 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts predict a decline of 1.6% in revenue from the year-earlier quarter to $3.6 billion.

Analyst Ratings: Analysts seem relatively indifferent about Duke Energy with 15 of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 32.6% to $288 million (22 cents a share) from $427 million (32 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 2.2% to $3.37 billion from $3.44 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 1.9% in the first quarter of the last fiscal year, 7.5% in the second quarter of the last fiscal year and 0.5%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: From March 30, 2012 to April 30, 2012, the stock price rose 42 cents (2%), from $21.01 to $21.43. The stock price saw one of its best stretches over the last year between October 13, 2011 and October 21, 2011, when shares rose for seven straight days, increasing 3.8% (+74 cents) over that span. It saw one of its worst periods between May 17, 2011 and May 26, 2011 when shares fell for eight straight days, dropping 3.3% (-61 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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