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In the latest trading session, Dominion Energy (D) closed at $56.25, marking a +0.04% move from the previous day. The stock outpaced the S&P 500's daily loss of 4.84%. Meanwhile, the Dow lost 3.98%, and the Nasdaq, a tech-heavy index, lost 5.97%.
Shares of the energy company have appreciated by 3.94% over the course of the past month, outperforming the Utilities sector's gain of 2.06% and the S&P 500's loss of 4.7%.
Investors will be eagerly watching for the performance of Dominion Energy in its upcoming earnings disclosure. On that day, Dominion Energy is projected to report earnings of $0.82 per share, which would represent year-over-year growth of 49.09%. At the same time, our most recent consensus estimate is projecting a revenue of $3.92 billion, reflecting a 7.84% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.39 per share and a revenue of $15.93 billion, representing changes of +22.38% and +10.2%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dominion Energy. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. Over the past month, there's been a 0.04% rise in the Zacks Consensus EPS estimate. Dominion Energy is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Dominion Energy currently has a Forward P/E ratio of 16.61. This represents a discount compared to its industry's average Forward P/E of 18.47.
Also, we should mention that D has a PEG ratio of 1.22. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Utility - Electric Power was holding an average PEG ratio of 2.83 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.