Duke Energy (NYSE: DUK ) is expected to report Q3 earnings on Nov. 8. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Duke Energy's revenues will increase 80.9% and EPS will wane -3.3%.
The average estimate for revenue is $7.17 billion. On the bottom line, the average EPS estimate is $1.45.
Last quarter, Duke Energy reported revenue of $3.58 billion. GAAP reported sales were 1.2% higher than the prior-year quarter's $3.47 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.02. GAAP EPS of $0.99 for Q2 were 1.0% higher than the prior-year quarter's $0.98 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 40.9%, 350 basis points better than the prior-year quarter. Operating margin was 22.5%, 260 basis points better than the prior-year quarter. Net margin was 12.7%, 10 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $20.49 billion. The average EPS estimate is $4.28.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,855 members out of 1,945 rating the stock outperform, and 90 members rating it underperform. Among 481 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 468 give Duke Energy a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Duke Energy is hold, with an average price target of $68.14.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Duke Energy. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.