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Dominion Energy Q2 Preview: Can Shares Remain Charged?
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One sector that’s been relatively strong year-to-date is the Zacks Utilities Sector, up a notable 3% vs. the S&P 500’s decline of roughly 12%.
The table below illustrates the sector’s performance over several timeframes compared to the S&P 500.
Image Source: Zacks Investment Research
A big name within the sector, Dominion Energy (D - Free Report) , is scheduled to reveal Q2 2022 results on Monday, August 8th.
Dominion Energy is a major energy company engaged in regulated and non-regulated electricity distribution, generation, and transmission businesses. In addition, it sells electricity at wholesale prices to rural electric cooperatives, municipalities, and through wholesale electricity markets.
As it stands, Dominion Energy carries a Zacks Rank #3 (Hold) with an overall VGM Score of a C. How does the energy giant shape up heading into the print? Let’s take a closer look.
Share Performance & Valuation
Dominion Energy shares have been notably strong year-to-date, outperforming its Zacks Utilities Sector by a fair margin and tacking on 7.3% in value.
Amidst all of the red that has been in 2022, a green year-to-date performance in 2022 is rare.
Image Source: Zacks Investment Research
Shares have been strong for some time now – over the last year, Dominion Energy shares have climbed nearly a double-digit 13%, outperforming its Zacks Sector in this timeframe as well.
Image Source: Zacks Investment Research
Dominion’s forward earnings multiple rests on the higher side at 20.3X, above its five-year median of 19.6X and representing a 23% premium relative to its Zacks Sector.
Dominion Energy carries a Style Score of a C for Value.
Image Source: Zacks Investment Research
Quarterly Estimates
Analysts have had mixed reactions for the quarter to be reported, with a single downwards and upwards estimate revision coming in over the last 60 days. Still, the $0.77 Zacks Consensus EPS Estimate reflects a solid 1.3% uptick in quarterly earnings year-over-year.
Image Source: Zacks Investment Research
The top-line is projected to register some rock-solid growth as well – the quarterly sales estimate of $3.4 billion pencils in a double-digit 11% year-over-year uptick.
Quarterly Performance & Market Reactions
The company has struggled to report bottom-line results above expectations as of late, with just one EPS beat over its last four quarters. In its latest quarter, D registered a slight 0.8% bottom-line miss.
In addition, Dominion Energy’s top-line results have left much to be desired – over its last ten quarterly reports, the company has registered just one top-line beat.
Dominion Energy - Quarterly Revenue
Image Source: Zacks Investment Research
The market has been impressed with the company’s recent quarterly results – shares have moved upwards following both of D’s last two quarterly prints.
Putting Everything Together
Dominion Energy shares have been substantial for some time now, beating the S&P 500 in several timeframes. Shares could be seen as overvalued – shares trade above the company’s five-year median.
The top and bottom-line are projected to register solid growth, but analysts have had mixed reactions for the quarter to be reported.
In addition, the company has struggled mightily to report quarterly sales above expectations, with just one top-line beat over its last ten prints.
Heading into the release, Dominion Energy (D - Free Report) carries a Zacks Rank #3 (Hold) with an Earnings ESP Score of 1.6%.
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Dominion Energy Q2 Preview: Can Shares Remain Charged?
One sector that’s been relatively strong year-to-date is the Zacks Utilities Sector, up a notable 3% vs. the S&P 500’s decline of roughly 12%.
The table below illustrates the sector’s performance over several timeframes compared to the S&P 500.
Image Source: Zacks Investment Research
A big name within the sector, Dominion Energy (D - Free Report) , is scheduled to reveal Q2 2022 results on Monday, August 8th.
Dominion Energy is a major energy company engaged in regulated and non-regulated electricity distribution, generation, and transmission businesses. In addition, it sells electricity at wholesale prices to rural electric cooperatives, municipalities, and through wholesale electricity markets.
As it stands, Dominion Energy carries a Zacks Rank #3 (Hold) with an overall VGM Score of a C. How does the energy giant shape up heading into the print? Let’s take a closer look.
Share Performance & Valuation
Dominion Energy shares have been notably strong year-to-date, outperforming its Zacks Utilities Sector by a fair margin and tacking on 7.3% in value.
Amidst all of the red that has been in 2022, a green year-to-date performance in 2022 is rare.
Image Source: Zacks Investment Research
Shares have been strong for some time now – over the last year, Dominion Energy shares have climbed nearly a double-digit 13%, outperforming its Zacks Sector in this timeframe as well.
Image Source: Zacks Investment Research
Dominion’s forward earnings multiple rests on the higher side at 20.3X, above its five-year median of 19.6X and representing a 23% premium relative to its Zacks Sector.
Dominion Energy carries a Style Score of a C for Value.
Image Source: Zacks Investment Research
Quarterly Estimates
Analysts have had mixed reactions for the quarter to be reported, with a single downwards and upwards estimate revision coming in over the last 60 days. Still, the $0.77 Zacks Consensus EPS Estimate reflects a solid 1.3% uptick in quarterly earnings year-over-year.
Image Source: Zacks Investment Research
The top-line is projected to register some rock-solid growth as well – the quarterly sales estimate of $3.4 billion pencils in a double-digit 11% year-over-year uptick.
Quarterly Performance & Market Reactions
The company has struggled to report bottom-line results above expectations as of late, with just one EPS beat over its last four quarters. In its latest quarter, D registered a slight 0.8% bottom-line miss.
In addition, Dominion Energy’s top-line results have left much to be desired – over its last ten quarterly reports, the company has registered just one top-line beat.
Dominion Energy - Quarterly Revenue
Image Source: Zacks Investment Research
The market has been impressed with the company’s recent quarterly results – shares have moved upwards following both of D’s last two quarterly prints.
Putting Everything Together
Dominion Energy shares have been substantial for some time now, beating the S&P 500 in several timeframes. Shares could be seen as overvalued – shares trade above the company’s five-year median.
The top and bottom-line are projected to register solid growth, but analysts have had mixed reactions for the quarter to be reported.
In addition, the company has struggled mightily to report quarterly sales above expectations, with just one top-line beat over its last ten prints.
Heading into the release, Dominion Energy (D - Free Report) carries a Zacks Rank #3 (Hold) with an Earnings ESP Score of 1.6%.