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Duke Energy (DUK) Ascends While Market Falls: Duke Energy (DUK) closed at $88.15 in the latest trading session, marking a +0.44% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 1.43% for the day. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq lost 2.43%. Shares of the electric utility have depreciated by 3.69% over the course of the past month, outperforming the Utilities sector's loss of 10.6% and lagging the S&P 500's loss of 1.55%. Investors will be eagerly watching for the performance of Duke Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 2, 2023. In that report, analysts expect Duke Energy to post earnings of $1.98 per share. This would mark year-over-year growth of 11.24%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.14 billion, up 2.12% from the year-ago period.
NYSE:DUKLong
by DEXWireNews
Duke Energy (DUK) Advances While Market DeclinesIn the latest market close, Duke Energy (DUK) reached $88.68, with a +0.74% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.5%. Meanwhile, the Dow experienced a rise of 0.12%, and the technology-dominated Nasdaq saw a decrease of 1.23%. The electric utility's stock has dropped by 7.77% in the past month, exceeding the Utilities sector's loss of 10.36% and lagging the S&P 500's loss of 2.4%. The investment community will be paying close attention to the earnings performance of Duke Energy in its upcoming release. The company is slated to reveal its earnings on November 2, 2023. The company is predicted to post an EPS of $2.03, indicating a 14.04% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $8.2 billion, indicating a 2.97% growth compared to the corresponding quarter of the prior year. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Duke Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
NYSE:DUKLong
by DEXWireNews