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Dominion Energy (D) Stock Sinks As Market Gains: What You Should Know

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In the latest trading session, Dominion Energy (D - Free Report) closed at $73.45, marking a -0.27% move from the previous day. This change lagged the S&P 500's 1.06% gain on the day. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 1.72%.

Heading into today, shares of the energy company had gained 1.87% over the past month, lagging the Utilities sector's gain of 3.43% and outpacing the S&P 500's loss of 2.09% in that time.

D will be looking to display strength as it nears its next earnings release, which is expected to be February 4, 2019. On that day, D is projected to report earnings of $0.94 per share, which would represent year-over-year growth of 3.3%. Our most recent consensus estimate is calling for quarterly revenue of $3.27 billion, up 1.96% from the year-ago period.

D's full-year Zacks Consensus Estimates are calling for earnings of $4.09 per share and revenue of $13.50 billion. These results would represent year-over-year changes of +13.61% and +7.23%, respectively.

It is also important to note the recent changes to analyst estimates for D. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 moved 1.31% lower. D currently has a Zacks Rank of #3 (Hold).

Looking at its valuation, D is holding a Forward P/E ratio of 17.99. This valuation marks a discount compared to its industry's average Forward P/E of 18.55.

We can also see that D currently has a PEG ratio of 2.98. 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. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.45 based on yesterday's closing prices.

The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 37% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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