Duke Energy Quarterly Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Duke Energy (NYSE:DUK) will unveil its latest earnings on Thursday, August 2, 2012. Duke Energy offers electric power and gas distribution operations and other energy services in North and South America.

Duke Energy Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 95 cents per share, a decline of 4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 90 cents. Between one and three months ago, the average estimate moved up. It has risen from 91 cents during the last month. Analysts are projecting profit to rise by 2.5% compared to last year’s $4.27.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting net income of $1.14 per share against a mean estimate of profit of $1.08 per share.

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Stock Price Performance: Between May 2, 2012 and July 30, 2012, the stock price rose $3.48 (5.39%), from $64.59 to $68.07. The stock price saw one of its best stretches over the last year between May 30, 2012 and June 8, 2012, when shares rose for eight straight days, increasing 5.9% (+$1.30) over that span. It saw one of its worst periods between March 13, 2012 and March 21, 2012 when shares fell for seven straight days, dropping 2.8% (-59 cents) over that span.

A Look Back: In the first quarter, profit fell 42.3% to $295 million (22 cents a share) from $511 million (38 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 0.9% to $3.63 billion from $3.66 billion.

Wall St. Revenue Expectations: On average, analysts predict $4.25 billion in revenue this quarter, a rise of 20.4% from the year-ago quarter. Analysts are forecasting total revenue of $19.07 billion for the year, a rise of 31.2% from last year’s revenue of $14.53 billion.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 2.2% in the fourth quarter of the last fiscal year and dropped again in the first quarter.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.38 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

Analyst Ratings: There are mostly holds on the stock with 15 of 16 analysts surveyed giving that rating.

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

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