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) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Dominion Energy (D - Free Report) ended the recent trading session at $60.40, demonstrating a -1.26% change from the preceding day's closing price. This change lagged the S&P 500's 0.03% loss on the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, added 0.01%.
Shares of the energy company witnessed a loss of 8.58% over the previous month, trailing the performance of the Utilities sector with its loss of 5.98%, and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Dominion Energy in its upcoming release. The company is expected to report EPS of $1.21, up 14.15% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $4.95 billion, indicating a 9.24% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $3.59 per share and a revenue of $18.41 billion, demonstrating changes of +4.97% and +11.55%, respectively, from the preceding 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. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Dominion Energy currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Dominion Energy is presently being traded at a Forward P/E ratio of 17.05. This indicates a premium in contrast to its industry's Forward P/E of 16.33.
It is also worth noting that D currently has a PEG ratio of 2.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 2.41 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 106, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Dominion Energy (D) Dips More Than Broader Market: What You Should Know
Dominion Energy (D - Free Report) ended the recent trading session at $60.40, demonstrating a -1.26% change from the preceding day's closing price. This change lagged the S&P 500's 0.03% loss on the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, added 0.01%.
Shares of the energy company witnessed a loss of 8.58% over the previous month, trailing the performance of the Utilities sector with its loss of 5.98%, and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Dominion Energy in its upcoming release. The company is expected to report EPS of $1.21, up 14.15% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $4.95 billion, indicating a 9.24% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $3.59 per share and a revenue of $18.41 billion, demonstrating changes of +4.97% and +11.55%, respectively, from the preceding 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. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Dominion Energy currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Dominion Energy is presently being traded at a Forward P/E ratio of 17.05. This indicates a premium in contrast to its industry's Forward P/E of 16.33.
It is also worth noting that D currently has a PEG ratio of 2.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 2.41 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 106, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.