Dominion Energy (D) closed the most recent trading day at $53.35, moving +0.04% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 2.03% for the day. On the other hand, the Dow registered a gain of 1.23%, and the technology-centric Nasdaq increased by 2.74%.
The energy company's stock has dropped by 0.98% in the past month, falling short of the Utilities sector's gain of 1.72% and outpacing the S&P 500's loss of 5.07%.
The upcoming earnings release of Dominion Energy will be of great interest to investors. The company's earnings report is expected on May 1, 2025. The company is predicted to post an EPS of $0.77, indicating a 40% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.84 billion, reflecting a 5.76% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.38 per share and a revenue of $15.54 billion, signifying shifts of +22.02% and +7.46%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Dominion Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.04% downward. Dominion Energy is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Dominion Energy is currently being traded at a Forward P/E ratio of 15.76. This indicates a discount in contrast to its industry's Forward P/E of 18.31.
We can additionally observe that D currently boasts a PEG ratio of 1.16. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 2.72 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 34, positioning it in the top 14% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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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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