With a market cap of $95.2 billion, Duke Energy Corporation (DUK) operates as an energy company in the United States. Founded in 1904, the Charlotte, North Carolina-based company operates through Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I) segments. It is expected to report its Q1 earnings on Tuesday, May 6, before the market opens.
Ahead of the event, analysts expect DUK to report an EPS of $1.59 per share, up 10.4% from a profit of $1.44 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in three of the past four quarters, while missing on one occasion. Its EPS of $1.66 in the recent quarter surpassed the analysts’ expectations by 3.1%, driven by growth from rate increases and riders, improved weather, and higher sales volumes.
