Dominion Energy (D) closed the most recent trading day at $55.20, moving -1.39% from the previous trading session. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.31%.
The stock of energy company has fallen by 1.32% in the past month, lagging the Utilities sector's gain of 0.83% and the S&P 500's gain of 5.05%.
Investors will be eagerly watching for the performance of Dominion Energy in its upcoming earnings disclosure. In that report, analysts expect Dominion Energy to post earnings of $0.77 per share. This would mark year-over-year growth of 40%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.69 billion, up 5.81% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.39 per share and a revenue of $15.37 billion, representing changes of +22.38% and +6.33%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Dominion Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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, there's been no change in the Zacks Consensus EPS estimate. Dominion Energy currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Dominion Energy is holding a Forward P/E ratio of 16.51. Its industry sports an average Forward P/E of 17.9, so one might conclude that Dominion Energy is trading at a discount comparatively.
One should further note that D currently holds a PEG ratio of 1.22. 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 2.63 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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