Charlotte, NC-based Duke Energy Corporation (DUK – Analyst Report) is a diversified energy company with a wide portfolio of domestic and international, natural gas and electric and regulated and unregulated businesses which supplies, delivers and processes energy in North America and selected international markets. It is one of the leading electric utilities in the U.S.

Estimate Trend & Surprise History

Investors should note that Zacks Consensus Estimate for the second quarter for earnings of $1.02 per share has decreased nearly 3% over the last 90 days.

The company has a mixed track record when it comes to earnings surprises. Duke Energy has surpassed the Zacks Consensus Estimate in two out of last four quarters, resulting in a positive average surprise of 2.89%.

Zacks Rank: Currently, Duke Energy has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: Duke Energy missed the second quarter 2015 earnings. Our consensus called for EPS of $1.02, and the company reported EPS of $0.95.

Revenue: Duke Energy also missed on the revenue estimates. The company posted revenues of $5,589 million, compared to our second-quarter consensus estimate of $6,011 million.

Key Stats: Duke Energy's total retail sales from regulated utilities for the quarter increased 2.7% to 52,416 gigawatt hours.

Stock Price: Shares were up 0.08% ahead of the report and remained inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

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