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Dominion Energy (D) Beats Q1 Earnings and Revenue Estimates
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Dominion Energy (D - Free Report) is one of the largest producers and transporters of energy, with a portfolio of nearly 26,000 megawatts of generation assets, 14,800 miles of natural gas transmission, gathering and storage pipeline and 6,600 miles of electric transmission lines.
Dominion Energy is among the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves utility and retail energy customers in 14 states. Dominion is gradually building up its renewable assets through organic and inorganic routes.
Dominion Energy entered in a definite agreement with SCANA Corporation to combine in a stock-for-stock merger in which SCANA shareholders would receive 0.6690 shares of Dominion Energy.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate for earnings of $1.03 per share has decreased by 2.8% over the last 60 days.
Coming to the earnings surprise, Dominion Energy has surpassed the Zacks Consensus Estimate in last four quarters, resulting in an overall positive average surprise of 1.74%.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Dominion Energy reported earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.03 by 10.7%.
Revenue: Dominion’s total revenues came in at $3,466 million, beating the Zacks Consensus Estimate of $3,355 million by 3.3% .
Key Stats: At the end of the first quarter the company was serving 26,966 more electric delivery customers compared with the year ago level.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this Dominion Energy earnings report later!
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Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Dominion Energy (D) Beats Q1 Earnings and Revenue Estimates
Dominion Energy (D - Free Report) is one of the largest producers and transporters of energy, with a portfolio of nearly 26,000 megawatts of generation assets, 14,800 miles of natural gas transmission, gathering and storage pipeline and 6,600 miles of electric transmission lines.
Dominion Energy is among the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves utility and retail energy customers in 14 states. Dominion is gradually building up its renewable assets through organic and inorganic routes.
Dominion Energy entered in a definite agreement with SCANA Corporation to combine in a stock-for-stock merger in which SCANA shareholders would receive 0.6690 shares of Dominion Energy.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate for earnings of $1.03 per share has decreased by 2.8% over the last 60 days.
Coming to the earnings surprise, Dominion Energy has surpassed the Zacks Consensus Estimate in last four quarters, resulting in an overall positive average surprise of 1.74%.
Dominion Energy Inc. Price and EPS Surprise
Dominion Energy Inc. Price and EPS Surprise | Dominion Energy Inc. Quote
Zacks Rank: Currently, Dominion Energy has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Dominion Energy reported earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.03 by 10.7%.
Revenue: Dominion’s total revenues came in at $3,466 million, beating the Zacks Consensus Estimate of $3,355 million by 3.3% .
Key Stats: At the end of the first quarter the company was serving 26,966 more electric delivery customers compared with the year ago level.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this Dominion Energy earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>