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Dominion Energy (D) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Dominion Energy (D - Free Report) closed at $55.88, marking a -0.05% move from the previous day. This change lagged the S&P 500's daily gain of 1.76%. Elsewhere, the Dow gained 1.17%, while the tech-heavy Nasdaq added 3.03%.
Heading into today, shares of the energy company had lost 4.02% over the past month, lagging the Utilities sector's loss of 1.62% and outpacing the S&P 500's loss of 5.94% in that time.
Wall Street will be looking for positivity from Dominion Energy as it approaches its next earnings report date. The company is expected to report EPS of $1.12, down 5.08% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.57 billion, up 6.73% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.99 per share and revenue of $17.64 billion, which would represent changes of -2.92% and +2.73%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Dominion Energy. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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 0.75% lower. Dominion Energy is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that Dominion Energy has a Forward P/E ratio of 14.03 right now. For comparison, its industry has an average Forward P/E of 17.15, which means Dominion Energy is trading at a discount to the group.
Investors should also note that D has a PEG ratio of 0.94 right now. 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. D's industry had an average PEG ratio of 2.92 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 145, which puts it in the bottom 43% 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.