Analysts expect Duke to report EPS of $1.26, which would be up 13.7% sequentially but down 3.1% year over year, on sales of $6.26 billion, down 14.7% sequentially and 7.2% lower year over year For the full year, analysts are looking for EPS of $5.63, up 6.9% year over year, on sales of $27.74 billion, down 3.6%.
Duke’s stock trades at 17.5 times expected 2023 EPS, 16.4 times estimated 2024 earnings of $5.99 and 15.5 times estimated 2025 earnings of $6.34 per share. Its 52-week trading range is $83.76 to $114.50. Duke pays an annualized dividend of $4.02 (yield of 4.13%). Total shareholder return for the past year was negative 7.38%.
Fox
Media giant Fox Corp. (NASDAQ: FOXA) has seen its share price sink by more than 14% over the past 12 months. First-quarter results pit two opposing forces that influenced Fox’s performance: on the plus side, the Super Bowl broadcast generated around $600 million in ad revenue; on the minus side, the defenestration of Tucker Carlson sent shares down by about $800 million. Then there was the $787.5 million payment to a defamation lawsuit. The conference call should be lots of fun.
Analysts are getting more cautious on the stock. Of 23 brokerages covering the firm, eight have a Buy or Strong Buy rating and 13 say the stock is a Hold. At a share price of around $31.70, the upside potential based on a median price target of $36.00 is about 13.6%. At the high target of $44.00, the upside potential is 38.8%.
Fiscal third-quarter revenue is forecast at $4.03 billion, down 12.4% sequentially but up 16.5% year over year. Adjusted EPS are forecast at $0.88, up 82.4% sequentially and by 8.6% year over year. For the 2023 fiscal year ending in June, analysts expect Fox to report EPS of $3.37, up 21%, on sales of $14.89 billion, up 6.6%.
Fox stock trades at 9.0 times expected 2023 earnings, 9.6 times estimated 2024 earnings of $3.16 per share and 7.9 times estimated 2025 earnings of $3.85 per share. Its 52-week range is $28.02 to $37.26. Fox pays an annual dividend of $0.50 (yield of 1.53%). Total shareholder return for the past year was negative 13.43%.
Fisker
Since its SPAC IPO in October 2020, shares of luxury electric vehicle (EV) maker Fisker Inc. (NYSE: FSR) have dropped by about 41%. Over the past 12 months, the stock has lost about 43%. Shares have not traded above the IPO price since last August. The first Fisker Ocean was delivered to a buyer in Denmark on Friday. Earlier this week, the company announced that it will offer battery-swapping technology from Ample with its Ocean SUV model due out by the first quarter of 2024.
Of 12 analysts covering Fisker, just four have a Buy rating. Another five rate the stock at Hold, while three have a Sell or Strong Sell rating. At a share price of around $6.30, the implied upside based on a median price target of $12.00 is about 90.5%. At the high target of $21.00, the implied gain is about 233%.
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