Duke Energy Q4 Adj. EPS $1.51 Misses $1.54 Estimate, Sales $7.21B Miss $7.49B Estimate
Portfolio Pulse from Benzinga Newsdesk
Duke Energy reported Q4 adjusted EPS of $1.51, missing the $1.54 estimate, and sales of $7.21B, missing the $7.49B estimate. This represents a 36.04% increase in earnings but a 1.89% decrease in sales compared to the same period last year.
February 08, 2024 | 11:09 am
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Duke Energy's Q4 earnings and sales missed estimates, with adjusted EPS at $1.51 vs. $1.54 expected and sales at $7.21B vs. $7.49B expected.
Missing both earnings and sales estimates is likely to negatively impact investor sentiment in the short term, leading to a potential decrease in stock price. The significant increase in earnings YOY might mitigate some negative impact, but the miss on expectations and decrease in sales YOY are critical factors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100