Duke Energy is set to report Q4 Earnings: What’s in the cards?

Duke Energy Corporation DUK is scheduled to release results in the 4th quarter of 2024 on February 13, 2025, before the market is opened.

Keep up to date with all quarterly releases: See Zack’s earnings calendar.

This tool company provided a negative earnings surprise of 6.36% in the last reported quarter. However, it delivered an average earnings surprise of 3.03% in the following four quarters.

Let’s discuss the factors that are likely to affect the upcoming quarterly results.

The majority of DUK’s service territories witnessed warmer than normal temperature pattern over the fourth quarter. This is likely to have damaged the electricity demand from its customers for heating purposes this winter, thereby affecting the company’s top line performance.

Nevertheless, strong customer growth in Carolinas and Florida, driven by increasing demand for housing and demand for data center, and solid retail sales, supported by economic development in the states where DUK serves, has probably added a driving force to its revenue.

Some parts of its service areas witnessed severe wind throwing and rainfall, which probably caused power cuts for some of DUK’s customers and have also damaged its infrastructure. This is likely to push the company’s operating expenses in the fourth quarter to repair and restore its damaged infrastructure, which in turn is expected to have injured its bottom line performance to some extent.

However, higher sales volume, rate increases in the electrical and gas segments and lower operating and maintenance costs (O&M) expenses are expected, supported by the company’s cost agility initiative, to have increased its total quarterly earnings.

Duke Energy Corporation Price-EPS-Surprise | Duke Energy Corporation Quote

The Zacks consensus estimate for DUK’s revenue in 4th quarter is $ 7.72 billion, indicating growth from the previous year of 7.1%.

The consensus estimate of earnings is linked to $ 1.61 per year. Share, indicating growth in the previous year of 6.6%.

Our tested model predicts a revenue company for Duke Energy this time. The combination of a positive earnings ESP and a Zack’s rank # 1 (Strong Buy), 2 (buy) or 3 (team) increases the odds of a earnings company, as is the case here, as can be seen below.

Earnings ESP: The company’s earnings ESP is +1.97%. You can reveal the best stocks before reporting with our ESP filter earnings.

Zacks Rank: The company is currently carrying a zacks -rank of 3. You can see The complete list of Zacks ranks # 1 stocks here.

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