In the latest trading session, Dominion Energy (D) closed at $76.66, marking a +0.78% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.16%. Meanwhile, the Dow lost 0.07%, and the Nasdaq, a tech-heavy index, lost 0.52%.
Heading into today, shares of the energy company had gained 1% over the past month, lagging the Utilities sector's gain of 3.08% and the S&P 500's gain of 3.12% in that time.
Wall Street will be looking for positivity from D as it approaches its nex t earnings report date. The company is expected to report EPS of $0.80, down 6.98% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.04 billion, up 30.9% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.19 per share and revenue of $17.90 billion. These totals would mark changes of +3.46% and +33.91%, respectively, from last year.
Investors might also notice 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.22% higher within the past month. D is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, D is currently trading at a Forward P/E ratio of 18.14. For comparison, its industry has an average Forward P/E of 20.12, which means D is trading at a discount to the group.
It is also worth noting that D currently has a PEG ratio of 3.72. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Utility - Electric Power was holding an average PEG ratio of 3.88 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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