Dominion Energy (D - Free Report) closed at $76.28 in the latest trading session, marking a -0.07% move from the prior day. This move lagged the S&P 500's daily gain of 0.7%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 0.69%.
Coming into today, shares of the energy company had gained 4.28% in the past month. In that same time, the Utilities sector gained 3.59%, while the S&P 500 gained 1.95%.
Investors will be hoping for strength from D as it approaches its next earnings release. The company is expected to report EPS of $1.22, up 7.02% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.81 billion, up 38.69% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.20 per share and revenue of $15.66 billion. These totals would mark changes of +3.7% and +17.15%, respectively, from last year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. D currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that D has a Forward P/E ratio of 18.17 right now. This valuation marks a discount compared to its industry's average Forward P/E of 19.58.
It is also worth noting that D currently has a PEG ratio of 3.34. 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 was holding an average PEG ratio of 3.53 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 79, putting it in the top 31% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.