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Dominion Energy (D) closed the latest trading day at $53.86, indicating a +1.91% change from the previous session's end. This change outpaced the S&P 500's 1.12% loss on the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, lost 2.04%.
Shares of the energy company have depreciated by 7.97% over the course of the past month, underperforming the Utilities sector's loss of 1.74% and the S&P 500's loss of 2.91%.
Investors will be eagerly watching for the performance of Dominion Energy in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.82, signifying a 49.09% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.88 billion, indicating a 6.94% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.39 per share and revenue of $15.93 billion. These totals would mark changes of +22.38% and +10.2%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Dominion Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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 remained stagnant. Right now, Dominion Energy possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Dominion Energy currently has a Forward P/E ratio of 15.61. This valuation marks a discount compared to its industry's average Forward P/E of 17.82.
It's also important to note that D currently trades at a PEG ratio of 1.15. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Utility - Electric Power was holding an average PEG ratio of 2.71 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 61, which puts it in the top 25% of all 250+ industries.