Dominion Energy (D) Stock Sinks As Market Gains: What You Should Know
Dominion Energy (D) closed at $74.92 in the latest trading session, marking a -0.46% move from the prior day. This move lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.42%, while the tech-heavy Nasdaq added 0.03%.
Heading into today, shares of the energy company had gained 0.44% over the past month, outpacing the Utilities sector's loss of 1.79% and lagging the S&P 500's gain of 2.89% in that time.
Wall Street will be looking for positivity from D as it approaches its next earnings report date. This is expected to be May 3, 2019. The company is expected to report EPS of $1.18, up 3.51% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.61 billion, up 33.12% from the year-ago period.
D's full-year Zacks Consensus Estimates are calling for earnings of $4.19 per share and revenue of $17.75 billion. These results would represent year-over-year changes of +3.46% and +32.79%, respectively.
Investors might also notice recent changes to analyst estimates for D. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.29% lower. D is currently a Zacks Rank #3 (Hold).
Looking at its valuation, D is holding a Forward P/E ratio of 17.96. This represents a discount compared to its industry's average Forward P/E of 19.41.
We can also see that D currently has a PEG ratio of 3.06. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Utility - Electric Power industry currently had an average PEG ratio of 3.48 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 77, putting it in the top 31% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Click to get this free report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.