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Dominion Energy (D) Stock Moves -1.32%: What You Should Know
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In the latest trading session, Dominion Energy (D - Free Report) closed at $62.20, marking a -1.32% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.36%. Meanwhile, the Dow experienced a drop of 1.64%, and the technology-dominated Nasdaq saw a decrease of 1.46%.
The stock of energy company has fallen by 3.99% in the past month, lagging the Utilities sector's gain of 0.07% and the S&P 500's loss of 1.76%.
The investment community will be closely monitoring the performance of Dominion Energy in its forthcoming earnings report. The company is forecasted to report an EPS of $0.87, showcasing a 6.45% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.26 billion, indicating a 4.48% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.6 per share and a revenue of $16.74 billion, representing changes of +5.26% and +1.42%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Dominion Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. Dominion Energy currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Dominion Energy is currently being traded at a Forward P/E ratio of 17.52. This represents a discount compared to its industry average Forward P/E of 18.99.
Investors should also note that D has a PEG ratio of 1.71 right now. 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 2.8.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Dominion Energy (D) Stock Moves -1.32%: What You Should Know
In the latest trading session, Dominion Energy (D - Free Report) closed at $62.20, marking a -1.32% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.36%. Meanwhile, the Dow experienced a drop of 1.64%, and the technology-dominated Nasdaq saw a decrease of 1.46%.
The stock of energy company has fallen by 3.99% in the past month, lagging the Utilities sector's gain of 0.07% and the S&P 500's loss of 1.76%.
The investment community will be closely monitoring the performance of Dominion Energy in its forthcoming earnings report. The company is forecasted to report an EPS of $0.87, showcasing a 6.45% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.26 billion, indicating a 4.48% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.6 per share and a revenue of $16.74 billion, representing changes of +5.26% and +1.42%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Dominion Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. Dominion Energy currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Dominion Energy is currently being traded at a Forward P/E ratio of 17.52. This represents a discount compared to its industry average Forward P/E of 18.99.
Investors should also note that D has a PEG ratio of 1.71 right now. 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 2.8.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.