Dominion Resources (D - Free Report) is one of the largest producers and transporters of energy, with a portfolio of nearly 26,400 megawatts of generation assets, 14,600 miles of natural gas transmission, gathering and storage pipeline and 6,600 miles of electric transmission lines.
Dominion is among the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves utility and retail energy customers in 14 states. Dominion is gradually building up its renewable assets through organic and inorganic routes.
Estimate Trend & Surprise History
Investors should note that the second quarter Zacks Consensus Estimate for earnings of 66 cents per share has decreased by 5.7% over the last 90 days.
Coming to the earnings surprise, Dominion Resources has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in an overall positive average surprise of 2.42%.
Zacks Rank: Currently, Dominion Resources has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Dominion Resources reported earnings of 67 cents per share, beating the Zacks Consensus Estimate of 66 cents by a penny.
Revenue: Dominion’s total revenues came in at $2,813 million, 1.8% lower than the Zacks Consensus Estimate of $2,865 million.
Key Stats: At the end of the second quarter the company was serving 25,140 more electric delivery customers compared with the year ago level.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this Dominion Resources earnings report later!
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