Duke Energy (DUK) Q1 Earnings and Revenues Surpass Estimates

Core Insights - Duke Energy reported quarterly earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of $1.59 per share, and up from $1.44 per share a year ago, representing an earnings surprise of 10.69% [1] - The company generated revenues of $8.25 billion for the quarter, surpassing the Zacks Consensus Estimate by 2.33%, and an increase from $7.67 billion year-over-year [2] - Duke Energy shares have increased by approximately 12.1% since the beginning of the year, contrasting with a -3.9% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.26 on revenues of $7.35 billion, and for the current fiscal year, it is $6.32 on revenues of $31.81 billion [7] - The estimate revisions trend for Duke Energy is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Utility - Electric Power industry, to which Duke Energy belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]