Wall Street analysts forecast that Dominion Energy (D) will report quarterly earnings of $0.64 per share in its upcoming release, pointing to a year-over-year increase of 10.3%. It is anticipated that revenues will amount to $3.56 billion, exhibiting an increase of 4.8% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Dominion Energy metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Total operating revenue- Dominion Energy Virginia' will likely reach $2.50 billion. The estimate indicates a year-over-year change of +2.2%.
Analysts forecast 'Total operating revenue- Contracted Energy' to reach $255.25 million. The estimate suggests a change of -0.7% year over year.
Analysts' assessment points toward 'Total operating revenue- Dominion Energy South Carolina' reaching $790.89 million. The estimate indicates a year-over-year change of -1.3%.
View all Key Company Metrics for Dominion Energy here>>>
Shares of Dominion Energy have experienced a change of +7.5% in the past month compared to the -1.3% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), D is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Dominion Energy Inc. (D): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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