Dominion Energy (D - Free Report) closed at $72.21 in the latest trading session, marking a +1.93% move from the prior day. This change lagged the S&P 500's 3.43% gain on the day. Meanwhile, the Dow gained 3.29%, and the Nasdaq, a tech-heavy index, added 4.26%.
Heading into today, shares of the energy company had lost 5.27% over the past month, outpacing the Utilities sector's loss of 5.39% and the S&P 500's loss of 12.15% 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. In that report, analysts expect D to post earnings of $0.93 per share. This would mark year-over-year growth of 2.2%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.27 billion, up 1.96% from the year-ago period.
Any recent changes to analyst estimates for D should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.51% higher. D is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, D is holding a Forward P/E ratio of 16.52. This valuation marks a discount compared to its industry's average Forward P/E of 17.58.
Meanwhile, D's PEG ratio is currently 2.6. 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. The Utility - Electric Power industry currently had an average PEG ratio of 3.11 as of yesterday's close.
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 41% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.