Duke Energy Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Duke Energy Corp (NYSE:DUK) will unveil its latest earnings on Tuesday, August 2, 2011. Duke Energy Corporation 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 net income of 30 cents per share, a decline of 11.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 29 cents. Between one and three months ago, the average estimate moved up, but has dropped from 31 cents during the last month. For the year, analysts are projecting profit of $1.37 per share, a decline of 4.2% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported net income of 39 cents per share against a mean estimate of profit of 35 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $3.32 billion in revenue this quarter, a rise of 0.9% from the year ago quarter. Analysts are forecasting total revenue of $14.11 billion for the year, a decline of 1.1% from last year’s revenue of $14.27 billion.

Analyst Ratings: Analysts seem relatively indifferent about Duke Energy with 17 of 19 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 1.9% to $3.66 billion in first quarter. The figure rose 10.8% in the fourth quarter of the last fiscal year from the year earlier, climbed 16.2% in the third quarter of the last fiscal year from the year-ago quarter and 12.8% in the second quarter of the last fiscal year.

Competitors to Watch: American Electric Power Co., Inc. (NYSE:AEP), Progress Energy, Inc. (NYSE:PGN), DPL Inc. (NYSE:DPL), The Southern Company (NYSE:SO), PPL Corporation (NYSE:PPL), SCANA Corporation (NYSE:SCG), TECO Energy, Inc. (NYSE:TE), FirstEnergy Corp. (NYSE:FE), ALLETE, Inc. (NYSE:ALE), and Dominion Resources, Inc. (NYSE:D).

Stock Price Performance: During July 21, 2011 to July 27, 2011, the stock price had dropped 34 cents (-1.8%) from $19.10 to $18.76. The stock price saw one of its best stretches over the last year between October 13, 2010 and October 21, 2010 when shares rose for seven-straight days, rising 1.5% (+25 cents) over that span. It saw one of its worst periods between November 4, 2010 and November 17, 2010 when shares fell for 10-straight days, falling 3.8% (-68 cents) over that span. Shares are up $1.41 (+8.1%) year to date.

(Source: Xignite Financials)

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