Duke Energy Corp (DUK) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Duke Energy Corp (DUK) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $1.13 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $1.14. The company posted revenue of $5622.00 million in the period, compared to analysts expectations of $6023.93 million. The company’s revenue was down -7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.

Many Wall Street Analysts have commented on Duke Energy Corp. Company shares were Reiterated by Mizuho on Mar 18, 2016 to “Neutral”, Firm has raised the Price Target to $ 80 from a previous price target of $72 .Company shares were Reiterated by Argus on Feb 22, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $81 .Shares were Reiterated by Mizuho on Feb 22, 2016 to “Neutral” and Lowered the Price Target to $ 72 from a previous price target of $75 .

Duke Energy Corp opened for trading at $78.83 and hit $79.63 on the upside on Monday, eventually ending the session at $78.94, with a gain of 0.20% or 0.16 points. The heightened volatility saw the trading volume jump to 29,90,164 shares. Company has a market cap of $54,382 M.

In a different news, on Mar 2, 2016, Brian D Savoy (SVP,Controller,Chief Acct Off) sold 500 shares at $74.84 per share price. According to the SEC, on Feb 29, 2016, Lynn J Good (Pres, CEO & Chairman) sold 13,333 shares at $74.08 per share price. On Feb 29, 2016, Julia S Janson (EVP, Chief Lgl Off & Corp Sec) sold 2,959 shares at $74.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Duke Energy Corporation is an energy company. Duke Energy conducts its operations in three business segments: Regulated Utilities International Energy and Commercial Power. The Company’s Regulated Utilities segment conducts operations primarily through Duke Energy Carolinas Duke Energy Progress Duke Energy Florida Duke Energy Indiana and Duke Energy Ohio. The Company’s International Energy segment principally operates and manages power generation facilities and engages in sales and marketing of electric power natural gas and natural gas liquids outside the United States. The Company’s Commercial Power builds develops and operates wind and solar renewable generation and energy transmission projects throughout the continental United States. Duke Energy operates in the United States and Latin America primarily through its direct and indirect subsidiaries.

Duke Energy Corp

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