Duke Energy Earnings: Everything You Must Know Now

Duke Energy Corporation (NYSE:DUK) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Duke Energy Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 14.71% to $0.87 in the quarter versus EPS of $1.02 in the year-earlier quarter.

Revenue: Rose 64.36% to $5.88 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Duke Energy Corporation reported adjusted EPS income of $0.87 per share. By that measure, the company missed the mean analyst estimate of $0.94. It beat the average revenue estimate of $5.73 billion.

Quoting Management: “After one year, we have had tremendous success coming together as one, stronger company,” said President and CEO Lynn Good.
“We are on track to achieve our 2013 adjusted diluted earnings per share guidance range of $4.20 to $4.45. We are keenly focused on achieving our financial objectives, supported by realizing constructive regulatory outcomes, maximizing cost efficiencies from our merger, and optimizing the performance in all of our operations.” she also said.

Key Stats (on next page)…

Revenue decreased 0.32% from $5.9 billion in the previous quarter. EPS decreased 14.71% from $1.02 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.52 to a profit $1.54. For the current year, the average estimate is a profit of $4.33, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)