Dominion Energy Inc. (D - Free Report) is scheduled to release first-quarter 2021 earnings on May 4, before the market opens. This utility delivered an earnings surprise of 5.2% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Dominion Energy’s first-quarter earnings are likely to have been impacted by two damaging ice storms that hit its service territories during the quarter, resulting in outages and increased operating expenses.
Repurchase of shares in 2020 and the resultant reduction of shares outstanding are likely to have positively impacted first-quarter earnings. Moreover, addition to the company’s electric and natural gas customer base is expected to have boosted demand and first-quarter earnings.
Expectation
Dominion Energy expects first-quarter earnings in the range of $1-$1.15 per share. The Zacks Consensus Estimate for the same is pegged at $1.08 per share, indicating a decline of 0.9% from the year-ago reported figure.
Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Dominion Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as you will see below.
Earnings ESP: The company’s Earnings ESP is 0.00%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, it carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Avangrid Inc. (AGR - Free Report) is slated to release first-quarter 2021 results on May 3. It has an Earnings ESP of +1.67% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
CenterPoint Energy (CNP - Free Report) is slated to release first-quarter 2021 results on May 6. It has an Earnings ESP of +4.52% and a Zacks Rank #3.
Duke Energy Corporation (DUK - Free Report) is slated to release first-quarter 2021 earnings on May 10. It has an Earnings ESP of +0.16% and a Zacks Rank #3.
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Dominion Energy Inc. (D - Free Report) is scheduled to release first-quarter 2021 earnings on May 4, before the market opens. This utility delivered an earnings surprise of 5.2% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Dominion Energy’s first-quarter earnings are likely to have been impacted by two damaging ice storms that hit its service territories during the quarter, resulting in outages and increased operating expenses.
Repurchase of shares in 2020 and the resultant reduction of shares outstanding are likely to have positively impacted first-quarter earnings. Moreover, addition to the company’s electric and natural gas customer base is expected to have boosted demand and first-quarter earnings.
Expectation
Dominion Energy expects first-quarter earnings in the range of $1-$1.15 per share. The Zacks Consensus Estimate for the same is pegged at $1.08 per share, indicating a decline of 0.9% from the year-ago reported figure.
Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Dominion Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as you will see below.
Earnings ESP: The company’s Earnings ESP is 0.00%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, it carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Avangrid Inc. (AGR - Free Report) is slated to release first-quarter 2021 results on May 3. It has an Earnings ESP of +1.67% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
CenterPoint Energy (CNP - Free Report) is slated to release first-quarter 2021 results on May 6. It has an Earnings ESP of +4.52% and a Zacks Rank #3.
Duke Energy Corporation (DUK - Free Report) is slated to release first-quarter 2021 earnings on May 10. It has an Earnings ESP of +0.16% and a Zacks Rank #3.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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