Yahoo Finance Dominion Energy (D) Rises But Trails Market: What Investors Should Know
Dominion Energy (D) ended the recent trading session at $51.46, demonstrating a +0.04% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.35%.
Heading into today, shares of the energy company had lost 3.07% over the past month, lagging the Utilities sector's loss of 1.53% and the S&P 500's gain of 3.25% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Dominion Energy in its upcoming earnings disclosure. The company is expected to report EPS of $0.59, up 11.32% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.68 billion, showing a 3.11% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.75 per share and a revenue of $15.91 billion, indicating changes of +38.19% and -2.93%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Dominion Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Dominion Energy is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Dominion Energy is currently being traded at a Forward P/E ratio of 18.69. This represents a premium compared to its industry's average Forward P/E of 15.04.
It is also worth noting that D currently has a PEG ratio of 1.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.63.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 81, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dominion Energy Inc. (D) : Free Stock Analysis Report
