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Can Dominion Midstream (DM) Run Higher on Strong Earnings Estimate Revisions?

Dominion Midstream Partners, LPDM is a natural gas infrastructure assets developer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DM's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Dominion Midstream could be a solid choice for investors.

Current Quarter Estimates for DM

In the past 30 days, three estimates have gone higher for Dominion Midstream while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 30 cents a share 30 days ago, to 41 cents today, a move of 36.6%.

Current Year Estimates for DM

Meanwhile, Dominion Midstream's current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.29 per share 30 days ago to $1.63 per share today, an increase of 26.4%.

Dominion Midstream Partners, LP Price and Consensus

Dominion Midstream Partners, LP Price and Consensus | Dominion Midstream Partners, LP Quote

Bottom Line

The stock has also started to move higher lately, adding 10.5%over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today's Zacks #1 Rank stocks here.

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Dominion Midstream Partners, LP (DM): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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