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Dominion Energy (D) Gains But Lags Market: What You Should Know
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Dominion Energy (D - Free Report) closed the most recent trading day at $47.30, moving +0.38% from the previous trading session. This change lagged the S&P 500's 0.67% gain on the day. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq added 1.14%.
Prior to today's trading, shares of the energy company had lost 4.98% over the past month. This has lagged the Utilities sector's loss of 2.14% and the S&P 500's loss of 0.73% in that time.
Dominion Energy will be looking to display strength as it nears its next earnings release. In that report, analysts expect Dominion Energy to post earnings of $0.83 per share. This would mark a year-over-year decline of 25.23%. Our most recent consensus estimate is calling for quarterly revenue of $4.62 billion, up 5.38% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.40 per share and revenue of $18 billion, which would represent changes of -17.27% and +4.81%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Dominion Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.09% lower. Dominion Energy is currently a Zacks Rank #4 (Sell).
In terms of valuation, Dominion Energy is currently trading at a Forward P/E ratio of 13.87. Its industry sports an average Forward P/E of 15.81, so we one might conclude that Dominion Energy is trading at a discount comparatively.
Also, we should mention that D has a PEG ratio of 3.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. D's industry had an average PEG ratio of 2.73 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Dominion Energy (D) Gains But Lags Market: What You Should Know
Dominion Energy (D - Free Report) closed the most recent trading day at $47.30, moving +0.38% from the previous trading session. This change lagged the S&P 500's 0.67% gain on the day. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq added 1.14%.
Prior to today's trading, shares of the energy company had lost 4.98% over the past month. This has lagged the Utilities sector's loss of 2.14% and the S&P 500's loss of 0.73% in that time.
Dominion Energy will be looking to display strength as it nears its next earnings release. In that report, analysts expect Dominion Energy to post earnings of $0.83 per share. This would mark a year-over-year decline of 25.23%. Our most recent consensus estimate is calling for quarterly revenue of $4.62 billion, up 5.38% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.40 per share and revenue of $18 billion, which would represent changes of -17.27% and +4.81%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Dominion Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.09% lower. Dominion Energy is currently a Zacks Rank #4 (Sell).
In terms of valuation, Dominion Energy is currently trading at a Forward P/E ratio of 13.87. Its industry sports an average Forward P/E of 15.81, so we one might conclude that Dominion Energy is trading at a discount comparatively.
Also, we should mention that D has a PEG ratio of 3.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. D's industry had an average PEG ratio of 2.73 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.