Dominion Energy (D - Free Report) closed at $71.90 in the latest trading session, marking a -0.44% move from the prior day. This change lagged the S&P 500's daily gain of 0.45%. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, added 0.42%.
Coming into today, shares of the energy company had lost 4.04% in the past month. In that same time, the Utilities sector lost 3.29%, while the S&P 500 lost 1.64%.
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 1.97% from the prior-year quarter.
Any recent changes to analyst estimates for D should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.02% higher. D is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note D's current valuation metrics, including its Forward P/E ratio of 16.76. This valuation marks a discount compared to its industry's average Forward P/E of 17.8.
It is also worth noting that D currently has a PEG ratio of 2.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.15 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.