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Dominion Energy (D) Surpasses Market Returns: Some Facts Worth Knowing
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Dominion Energy (D - Free Report) closed the most recent trading day at $62.00, moving +1.61% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Prior to today's trading, shares of the energy company had lost 7.32% lagged the Utilities sector's loss of 5.94% and the S&P 500's gain of 0.84%.
Analysts and investors alike will be keeping a close eye on the performance of Dominion Energy in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.21, indicating a 14.15% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.93 billion, up 8.97% from the year-ago period.
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 take note of any recent adjustments to analyst estimates for Dominion Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Dominion Energy possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Dominion Energy is currently being traded at a Forward P/E ratio of 17.01. For comparison, its industry has an average Forward P/E of 16.68, which means Dominion Energy is trading at a premium to the group.
One should further note that D currently holds 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. The Utility - Electric Power industry currently had an average PEG ratio of 2.46 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 112, placing it within the top 46% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Dominion Energy (D) Surpasses Market Returns: Some Facts Worth Knowing
Dominion Energy (D - Free Report) closed the most recent trading day at $62.00, moving +1.61% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Prior to today's trading, shares of the energy company had lost 7.32% lagged the Utilities sector's loss of 5.94% and the S&P 500's gain of 0.84%.
Analysts and investors alike will be keeping a close eye on the performance of Dominion Energy in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.21, indicating a 14.15% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.93 billion, up 8.97% from the year-ago period.
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 take note of any recent adjustments to analyst estimates for Dominion Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Dominion Energy possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Dominion Energy is currently being traded at a Forward P/E ratio of 17.01. For comparison, its industry has an average Forward P/E of 16.68, which means Dominion Energy is trading at a premium to the group.
One should further note that D currently holds 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. The Utility - Electric Power industry currently had an average PEG ratio of 2.46 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 112, placing it within the top 46% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.