Dominion Energy (D - Free Report) closed at $82.58 in the latest trading session, marking a -0.27% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.59%. At the same time, the Dow lost 2.72%, and the tech-heavy Nasdaq lost 2.19%.
Wall Street will be looking for positivity from D as it approaches its next earnings report date. On that day, D is projected to report earnings of $0.83 per share, which would represent year-over-year growth of 7.79%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4 billion, up 0.63% from the year-ago period.
D's full-year Zacks Consensus Estimates are calling for earnings of $4.33 per share and revenue of $17.40 billion. These results would represent year-over-year changes of +2.12% and +5.02%, respectively.
Investors should also note any recent changes to analyst estimates for D. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Within the past 30 days, our consensus EPS projection has moved 0.42% higher. D is currently a Zacks Rank #3 (Hold).
Digging into valuation, D currently has a Forward P/E ratio of 19.12. For comparison, its industry has an average Forward P/E of 17.41, which means D is trading at a premium to the group.
Meanwhile, D's PEG ratio is currently 4.05. 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 3.41 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 150, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.