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Dominion Energy (D) Stock Sinks As Market Gains: What You Should Know
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Dominion Energy (D - Free Report) ended the recent trading session at $59.43, demonstrating a -1.11% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.88%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 1.31%.
Heading into today, shares of the energy company had lost 1.2% over the past month, outpacing the Utilities sector's loss of 3.75% and lagging the S&P 500's gain of 2.48%.
The investment community will be paying close attention to the earnings performance of Dominion Energy in its upcoming release. In that report, analysts expect Dominion Energy to post earnings of $0.7 per share. This would mark year-over-year growth of 20.69%. At the same time, our most recent consensus estimate is projecting a revenue of $3.69 billion, reflecting a 8.53% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.4 per share and a revenue of $15.68 billion, signifying shifts of +22.74% and +8.41%, respectively, from the last year.
Any recent changes to analyst estimates for Dominion Energy should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. Dominion Energy presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Dominion Energy currently has a Forward P/E ratio of 17.67. This indicates a discount in contrast to its industry's Forward P/E of 18.66.
Meanwhile, D's PEG ratio is currently 1.72. 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. As of the close of trade yesterday, the Utility - Electric Power industry held an average PEG ratio of 2.71.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Dominion Energy (D) Stock Sinks As Market Gains: What You Should Know
Dominion Energy (D - Free Report) ended the recent trading session at $59.43, demonstrating a -1.11% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.88%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 1.31%.
Heading into today, shares of the energy company had lost 1.2% over the past month, outpacing the Utilities sector's loss of 3.75% and lagging the S&P 500's gain of 2.48%.
The investment community will be paying close attention to the earnings performance of Dominion Energy in its upcoming release. In that report, analysts expect Dominion Energy to post earnings of $0.7 per share. This would mark year-over-year growth of 20.69%. At the same time, our most recent consensus estimate is projecting a revenue of $3.69 billion, reflecting a 8.53% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.4 per share and a revenue of $15.68 billion, signifying shifts of +22.74% and +8.41%, respectively, from the last year.
Any recent changes to analyst estimates for Dominion Energy should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. Dominion Energy presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Dominion Energy currently has a Forward P/E ratio of 17.67. This indicates a discount in contrast to its industry's Forward P/E of 18.66.
Meanwhile, D's PEG ratio is currently 1.72. 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. As of the close of trade yesterday, the Utility - Electric Power industry held an average PEG ratio of 2.71.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.