In the latest trading session, Dominion Energy (D) closed at $55.87, marking a +1.25% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.52%. Meanwhile, the Dow gained 1%, and the Nasdaq, a tech-heavy index, added 0.52%.
The stock of energy company has fallen by 1.5% in the past month, lagging the Utilities sector's gain of 0.49% and the S&P 500's gain of 5.95%.
Analysts and investors alike will be keeping a close eye on 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%. Alongside, our most recent consensus estimate is anticipating revenue of $3.69 billion, indicating a 5.81% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $3.39 per share and a revenue of $15.37 billion, demonstrating changes of +22.38% and +6.33%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications 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 business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Dominion Energy is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Dominion Energy is at present trading with a Forward P/E ratio of 16.28. This indicates a discount in contrast to its industry's Forward P/E of 17.77.
It is also worth noting that D currently has a PEG ratio of 1.2. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. D's industry had an average PEG ratio of 2.59 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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