We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dominion Energy (D) to Post Q1 Earnings: What's in the Offing?
Read MoreHide Full Article
Dominion Energy Inc. (D - Free Report) is scheduled to release first-quarter 2024 earnings on May 2, before market open. In the last reported quarter, the utility delivered a negative earnings surprise of 27.5%.
Let us see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Dominion Energy’s first-quarter earnings are likely to have benefited from regulated investments, higher sales volume and efficient cost management. Economic development, population growth in Virginia and South Carolina, and return to normal weather are likely to have boosted earnings in the first quarter.
However, higher DD&A expenses, still-high interest rates and O&M expenses are all likely to have negatively impacted the company’s first-quarter results.
Expectations
The Zacks Consensus Estimate for earnings is pegged at 51 cents on revenues of $3.56 billion, indicating a decline of 32.3% and 48.5%, respectively, 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. This is not the case here, as you will see below.
Earnings ESP: D’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: D currently carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same sector that, per our model, have the right combination of elements to post an earnings beat for the to-be-reported quarter.
Eversource Energy (ES - Free Report) is set to report first-quarter 2024 earnings on May 2, before market open. It has an Earnings ESP of +2.76% and presently carries a Zacks Rank of 2.
Long-term (three-to-five years) earnings growth of ES is 4.2%. The Zacks Consensus Estimate for first-quarter EPS of $1.45 remained the same in the past 60 days.
Ameren Corporation (AEE - Free Report) is scheduled to report first-quarter 2024 earnings on Feb 27, before market open. It has an Earnings ESP of +0.30% and a Zacks Rank of 3 at present.
Long-term earnings growth of AEE is 6.48%. The Zacks Consensus Estimate for first-quarter EPS reflects a decline of 0.9% in the past 60 days.
The AES Corporation (AES - Free Report) is slated to report first-quarter earnings on May 2. It has an Earnings ESP of +6.67% and carries a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for first-quarter EPS reflects an increase of 7.2% in the past 60 days.
Image: Bigstock
Dominion Energy (D) to Post Q1 Earnings: What's in the Offing?
Dominion Energy Inc. (D - Free Report) is scheduled to release first-quarter 2024 earnings on May 2, before market open. In the last reported quarter, the utility delivered a negative earnings surprise of 27.5%.
Let us see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Dominion Energy’s first-quarter earnings are likely to have benefited from regulated investments, higher sales volume and efficient cost management. Economic development, population growth in Virginia and South Carolina, and return to normal weather are likely to have boosted earnings in the first quarter.
However, higher DD&A expenses, still-high interest rates and O&M expenses are all likely to have negatively impacted the company’s first-quarter results.
Expectations
The Zacks Consensus Estimate for earnings is pegged at 51 cents on revenues of $3.56 billion, indicating a decline of 32.3% and 48.5%, respectively, 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. This is not the case here, as you will see below.
Dominion Energy Inc. Price and EPS Surprise
Dominion Energy Inc. price-eps-surprise | Dominion Energy Inc. Quote
Earnings ESP: D’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: D currently carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same sector that, per our model, have the right combination of elements to post an earnings beat for the to-be-reported quarter.
Eversource Energy (ES - Free Report) is set to report first-quarter 2024 earnings on May 2, before market open. It has an Earnings ESP of +2.76% and presently carries a Zacks Rank of 2.
Long-term (three-to-five years) earnings growth of ES is 4.2%. The Zacks Consensus Estimate for first-quarter EPS of $1.45 remained the same in the past 60 days.
Ameren Corporation (AEE - Free Report) is scheduled to report first-quarter 2024 earnings on Feb 27, before market open. It has an Earnings ESP of +0.30% and a Zacks Rank of 3 at present.
Long-term earnings growth of AEE is 6.48%. The Zacks Consensus Estimate for first-quarter EPS reflects a decline of 0.9% in the past 60 days.
The AES Corporation (AES - Free Report) is slated to report first-quarter earnings on May 2. It has an Earnings ESP of +6.67% and carries a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for first-quarter EPS reflects an increase of 7.2% in the past 60 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.