Charlotte, NC-based Duke Energy Corporation (DUK) is a diversified energy company with a wide portfolio of domestic and international, natural gas and electric and regulated and unregulated businesses which supplies, delivers and processes energy in North America and selected international markets. It is one of the leading electric utilities in the U.S. Estimate Trend & Surprise History Duke Energy’s earnings estimate revision activity for the current quarter over the past few weeks has slightly been toward the downside. The company has a mixed track record when it comes to posting earnings surprises. The company has recorded positive earnings in two of the last four quarter with an average beat of 1.56% Currently, Duke Energy has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below: Earnings: Duke Energy outpaced the first quarter 2015 earnings. Our consensus called for EPS of $1.12, and the company reported EPS of $1.24. Revenue: Duke Energy however missed on the revenue estimates. The company posted revenues of $6,065 million, compared to our first-quarter consensus estimate of $6,374 million. Key Stats: Duke Energy’s total retail sales from regulated utilities for the quarter decreased a marginal 0.5% to 53,682 gigawatt hours. Stock Price: Shares were down 1.10% ahead of the report and remained inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today. Check back later for our full write up on this Duke Energy earnings report later! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DUKE ENERGY CP (DUK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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