Duke Energy Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Duke Energy Corp (NYSE:DUK) will unveil its latest earnings on Thursday, February 16, 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 estimate of analysts is for profit of 21 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 22 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 21 cents during the last month. For the year, analysts are projecting net income of $1.41 per share, a decline of 1.4% from last year.

Past Earnings Performance: Last quarter, the company reported profit of 50 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $3.37 billion in revenue this quarter, a decline of 2% from the year-ago quarter. Analysts are forecasting total revenue of $14.35 billion for the year, a rise of 0.6% from last year’s revenue of $14.27 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 third quarter, profit fell 29.6% to $472 million (35 cents a share) from $670 million (51 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 0.5% to $3.96 billion from $3.95 billion.

Key Stats:

For four quarters in a row, revenue has increased. Revenue rose 7.5% in the second quarter from the year earlier, climbed 1.9% in the first quarter from the year-ago quarter and 10.8% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between November 14, 2011 and February 10, 2012, the stock price rose 90 cents (4.4%), from $20.58 to $21.48. 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% (-62 cents) over that span.

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

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