DUK Earnings Prediction
The chart below shows how DUK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DUK sees a -0.85% change in stock price 10 days leading up to the earnings, and a +0.64% change 10 days following the report. On the earnings day itself, the stock moves by +0.01%. This data can give you a slight idea of what to expect for the next quarter's release.
DUK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
8.15B
2.00%
13.69%
Gross Margin
48.12%
-4.14%
-0.17%
Operating Margin
26.15%
-5.29%
7.52%
Net Margin
15.82%
-14.16%
21.88%
EPS
1.59
1.27%
38.26%
No Data Available
DUK Earnings Analysis
Duke Energy Corporation Corporation (DUK.N) Earnings Conference Call
Positive
Customer Base Expansion: 1. Strong Customer Growth: Duke Energy added approximately 75,000 residential customers in the Carolinas and nearly 30,000 in Florida year-to-date, surpassing last year's growth figures.
Economic Development Expansion: 2. Robust Economic Development Activity: The company signed letter agreements for 2 gigawatts of data centers, increasing the high end of their 2028 economic development forecast by 2,000 gigawatt hours.
Grid Modernization Investments: 3. Significant Grid Investments: Duke Energy invested over $4 billion in grid hardening and modernization last year, which helped avoid nearly 550,000 customer outages during the hurricane season.
Regulatory Approvals Achieved: 4. Constructive Regulatory Outcomes: The company received approvals for approximately $80 billion of rate-based investments across eight rate cases since the start of 2023, supporting essential infrastructure investments.
Earnings Growth Outlook: 5. Positive Earnings Guidance: Duke Energy reaffirmed its long-term EPS growth target of 5% to 7% through 2028, driven by strong regulatory outcomes and economic development opportunities.
Negative
Earnings Per Share Decline: 1. Decline in Earnings Per Share: Adjusted earnings per share for Q3 2024 were $1.62, down from $1.94 in Q3 2023, reflecting a significant decrease in profitability.
Rising Operating Expenses: 2. Increased Operating Costs: Operating and maintenance expenses rose due to unplanned hurricane restoration costs, contributing to a $0.09 decline in earnings from the Electric Utilities and Infrastructure segment.
Hurricane Cost Impact: 3. Substantial Hurricane Costs: The preliminary total cost estimate for the three hurricanes in 2024 is between $2.4 billion to $2.9 billion, with approximately $750 million recognized in Q3 alone, impacting financial performance.
Storm-Related Revenue Loss: 4. Lost Revenue from Outages: The company experienced lost revenue due to storm-related outages affecting 5.5 million customers, which will continue to impact Q4 results and overall financial guidance.
2024 Guidance Adjustment: 5. Lowered 2024 Guidance: Duke Energy reaffirmed its 2024 guidance range trending to the lower half, primarily due to the financial impacts of the storms, indicating a challenging outlook for the remainder of the year.
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DUK Earning Call Sentiment
Duke Energy Corporation (DUK) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
DUK.N
2.51%Positive
The earnings call presents mixed signals. Financial performance is under pressure due to hurricane costs and lost revenue, but management remains optimistic about long-term growth and has reaffirmed guidance. The Q&A session highlights some uncertainties, such as the impact of storms and unclear mitigation measures. However, the company's strategic partnerships and renewable investments provide a positive outlook. Overall, the sentiment is balanced, leading to a neutral prediction for the stock price movement.