In the latest trading session, Dominion Energy (D - Free Report) closed at $73.35, marking a -1.75% move from the previous day. This change lagged the S&P 500's daily gain of 0.3%. Meanwhile, the Dow 0%, and the Nasdaq, a tech-heavy index, added 0.92%.
Heading into today, shares of the energy company had lost 1.13% over the past month, lagging the Utilities sector's gain of 0.55% and outpacing the S&P 500's loss of 4.06% in that time.
D will be looking to display strength as it nears its next earnings release, which is expected to be February 4, 2019. On that day, D is projected to report earnings of $0.94 per share, which would represent year-over-year growth of 3.3%. Meanwhile, our latest consensus estimate is calling for revenue of $3.27 billion, up 1.96% from the prior-year quarter.
D's full-year Zacks Consensus Estimates are calling for earnings of $4.09 per share and revenue of $13.50 billion. These results would represent year-over-year changes of +13.61% and +7.23%, respectively.
Investors should also note any recent changes to analyst estimates for D. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, the Zacks Consensus EPS estimate has moved 1.78% lower. D is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that D has a Forward P/E ratio of 17.92 right now. This valuation marks a discount compared to its industry's average Forward P/E of 18.52.
We can also see that D currently has a PEG ratio of 2.96. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Utility - Electric Power industry currently had an average PEG ratio of 3.43 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 147, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow D in the coming trading sessions, be sure to utilize Zacks.com.