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Dominion (D) Q4 Earnings Miss by a Penny, Revenues Lag
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Dominion Resources (D - Free Report) is one of the largest producers and transporters of energy, with a portfolio of nearly 25,700 megawatts of generation assets, 12,200 miles of natural gas transmission, gathering and storage pipeline and 6,500 miles of electric transmission lines.
Dominion is among the nation's largest natural gas storage systems with 933 billion cubic feet of storage capacity and serves utility and retail energy customers in 14 states. Dominion is gradually building up its renewable assets through organic and inorganic routes.
Estimate Trend & Surprise History
Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of $1.00 per share has decreased by 1.0% over the last 60 days.
Coming to the earnings surprise, Dominion Resources has missed the Zacks Consensus Estimate in one of the last four quarters, resulting in an overall negative average surprise of 2.48%.
Revenue: Dominion’s total revenues came in at $3,082 million, 9.1% lower than the Zacks Consensus Estimate of $3,391 million.
Key Stats: At the end of the fourth quarter the company was serving 24,819 more electric delivery customers compared with the year ago level.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Dominion Resources earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Dominion (D) Q4 Earnings Miss by a Penny, Revenues Lag
Dominion Resources (D - Free Report) is one of the largest producers and transporters of energy, with a portfolio of nearly 25,700 megawatts of generation assets, 12,200 miles of natural gas transmission, gathering and storage pipeline and 6,500 miles of electric transmission lines.
Dominion is among the nation's largest natural gas storage systems with 933 billion cubic feet of storage capacity and serves utility and retail energy customers in 14 states. Dominion is gradually building up its renewable assets through organic and inorganic routes.
Estimate Trend & Surprise History
Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of $1.00 per share has decreased by 1.0% over the last 60 days.
Coming to the earnings surprise, Dominion Resources has missed the Zacks Consensus Estimate in one of the last four quarters, resulting in an overall negative average surprise of 2.48%.
Zacks Rank: Currently, Dominion Resources has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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: Dominion Resources reported earnings of 99 cents per share, falling short of the Zacks Consensus Estimate of $1.00 by a penny.
Dominion Resources, Inc. Price and EPS Surprise
Dominion Resources, Inc. Price and EPS Surprise | Dominion Resources, Inc. Quote
Revenue: Dominion’s total revenues came in at $3,082 million, 9.1% lower than the Zacks Consensus Estimate of $3,391 million.
Key Stats: At the end of the fourth quarter the company was serving 24,819 more electric delivery customers compared with the year ago level.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Dominion Resources earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>