In This Article:
Dominion Energy (NYSE:D) First Quarter 2024 Results
Key Financial Results
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Revenue: US$3.63b (down 6.5% from 1Q 2023).
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Net income: US$540.0m (down 21% from 1Q 2023).
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Profit margin: 15% (down from 18% in 1Q 2023).
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EPS: US$0.65 (down from US$0.81 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Dominion Energy EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 37%.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Integrated Utilities industry in the US.
Performance of the American Integrated Utilities industry.
The company's share price is broadly unchanged from a week ago.
Valuation
Following the latest earnings results, Dominion Energy may be overvalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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