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Dominion Energy (D) Beats Stock Market Upswing: What Investors Need to Know
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Dominion Energy (D - Free Report) ended the recent trading session at $64.29, demonstrating a +1.23% change from the preceding day's closing price. This change outpaced the S&P 500's 1.14% gain on the day. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 1.69%.
The energy company's shares have seen a decrease of 7% over the last month, not keeping up with the Utilities sector's loss of 5.85% and the S&P 500's loss of 2.85%.
Market participants will be closely following the financial results of Dominion Energy in its upcoming release. The company is forecasted to report an EPS of $1.19, showcasing a 12.26% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.95 billion, up 9.24% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.57 per share and revenue of $18.36 billion, which would represent changes of +4.39% and +11.26%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dominion Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Dominion Energy presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Dominion Energy is currently trading at a Forward P/E ratio of 17.87. Its industry sports an average Forward P/E of 16.92, so one might conclude that Dominion Energy is trading at a premium comparatively.
We can additionally observe that D currently boasts a PEG ratio of 2.98. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Utility - Electric Power was holding an average PEG ratio of 2.51 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 150, finds itself in the bottom 40% echelons of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Dominion Energy (D) Beats Stock Market Upswing: What Investors Need to Know
Dominion Energy (D - Free Report) ended the recent trading session at $64.29, demonstrating a +1.23% change from the preceding day's closing price. This change outpaced the S&P 500's 1.14% gain on the day. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 1.69%.
The energy company's shares have seen a decrease of 7% over the last month, not keeping up with the Utilities sector's loss of 5.85% and the S&P 500's loss of 2.85%.
Market participants will be closely following the financial results of Dominion Energy in its upcoming release. The company is forecasted to report an EPS of $1.19, showcasing a 12.26% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.95 billion, up 9.24% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.57 per share and revenue of $18.36 billion, which would represent changes of +4.39% and +11.26%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dominion Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Dominion Energy presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Dominion Energy is currently trading at a Forward P/E ratio of 17.87. Its industry sports an average Forward P/E of 16.92, so one might conclude that Dominion Energy is trading at a premium comparatively.
We can additionally observe that D currently boasts a PEG ratio of 2.98. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Utility - Electric Power was holding an average PEG ratio of 2.51 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 150, finds itself in the bottom 40% echelons of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.