Duke Energy (DUK) Q3 Earnings Coming Up: What To Expect
Zacks Investment Research | Nov 05, 2019 10:21PM ET
Duke Energy Corporation (NYSE:DUK) is set to report third-quarter 2019 results on Nov 8, before the opening bell.
In the last reported quarter, the company delivered a positive earnings surprise of 14.29%. Moreover, the bottom line surpassed the Zacks Consensus Estimate in three of the last four quarters, the average beat being 4.75%.
Let’s see how things have shaped up prior to this announcement.
Factors to Consider
The majority of Duke Energy’s service territories witnessed above-average warm temperatures during most of the third quarter. While Florida had its warmest January–September on record in 2019, North Carolina was warmest on record. South Carolina was the second warmest state.
This is expected to have boosted demand for electricity among the utility’s customers due to increased usage of cooling applications. This must have bolstered the company’s top line in the to-be-reported quarter.
Currently, the Zacks Consensus Estimate for third-quarter revenues is pegged at $6.82 billion, indicating 2.8% rise from the figure reported in the year-ago quarter.
Duke Energy Corporation Price and EPS Surprise
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