Dominion Energy (D - Free Report) closed the most recent trading day at $64.31, moving -1.12% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.37%. Elsewhere, the Dow lost 1.35%, while the tech-heavy Nasdaq lost 0.24%.
Heading into today, shares of the energy company had lost 19.62% over the past month, lagging the Utilities sector's loss of 14.78% and the S&P 500's loss of 6.51% in that time.
Investors will be hoping for strength from Dominion Energy as it approaches its next earnings release, which is expected to be November 4, 2022. The company is expected to report EPS of $1.09, down 1.8% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.9 billion, up 22.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.11 per share and revenue of $16.22 billion. These totals would mark changes of +6.48% and +16.13%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Dominion Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Dominion Energy is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Dominion Energy has a Forward P/E ratio of 15.83 right now. This represents a discount compared to its industry's average Forward P/E of 16.1.
We can also see that D currently has a PEG ratio of 2.49. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Utility - Electric Power industry currently had an average PEG ratio of 2.74 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Dominion Energy (D - Free Report) closed the most recent trading day at $64.31, moving -1.12% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.37%. Elsewhere, the Dow lost 1.35%, while the tech-heavy Nasdaq lost 0.24%.
Heading into today, shares of the energy company had lost 19.62% over the past month, lagging the Utilities sector's loss of 14.78% and the S&P 500's loss of 6.51% in that time.
Investors will be hoping for strength from Dominion Energy as it approaches its next earnings release, which is expected to be November 4, 2022. The company is expected to report EPS of $1.09, down 1.8% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.9 billion, up 22.9% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.11 per share and revenue of $16.22 billion. These totals would mark changes of +6.48% and +16.13%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Dominion Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Dominion Energy is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Dominion Energy has a Forward P/E ratio of 15.83 right now. This represents a discount compared to its industry's average Forward P/E of 16.1.
We can also see that D currently has a PEG ratio of 2.49. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Utility - Electric Power industry currently had an average PEG ratio of 2.74 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on D - FREE