Duke Energy Earnings: Everything You Must Know Now

Duke Energy Corporation (NYSE:DUK) delivered a profit and beat Wall Street’s expectations. Shares are unchanged.

Duke Energy Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $0.70 in the quarter versus EPS of $0.72 in the year-earlier quarter.

Revenue: Rose to $19.62 billion from the year-earlier quarter due to the effects of the merger.

Actual vs. Wall St. Expectations: Duke Energy Corporation reported adjusted EPS income of $0.70 per share. By that measure, the company beat the mean analyst estimate of $0.64.

Quoting Management: “For Duke Energy, 2012 was a year of unprecedented accomplishment, highlighted by the merger with Progress Energy that has already begun providing savings for our customers,” said Jim Rogers, chairman, president and chief executive officer. “We also made significant progress with our fleet modernization program by bringing online three major new power plants in North Carolina, enabling us to retire older, less efficient coal-fired units.”

Key Stats (on next page)…

EPS decreased 52.38% from $1.47 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.11 to a profit $1.07. For the current year, the average estimate has moved down from a profit of $4.28 to a profit of $4.26 over the last ninety days.

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