We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dominion Energy (D) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
Dominion Energy (D - Free Report) closed at $60.12 in the latest trading session, marking a +0.91% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.27%. Elsewhere, the Dow saw an upswing of 0.65%, while the tech-heavy Nasdaq appreciated by 0.26%.
Prior to today's trading, shares of the energy company had gained 4.23% over the past month. This has outpaced the Utilities sector's loss of 2.82% and the S&P 500's gain of 2% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Dominion Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on November 1, 2024. On that day, Dominion Energy is projected to report earnings of $0.92 per share, which would represent year-over-year growth of 19.48%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.09 billion, up 7.3% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.76 per share and a revenue of $15.44 billion, indicating changes of +38.69% and -5.81%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Dominion Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.17% higher. As of now, Dominion Energy holds a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Dominion Energy has a Forward P/E ratio of 21.62 right now. This signifies a premium in comparison to the average Forward P/E of 17.24 for its industry.
We can additionally observe that D currently boasts a PEG ratio of 1.59. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Utility - Electric Power was holding an average PEG ratio of 2.75 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow D in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dominion Energy (D) Beats Stock Market Upswing: What Investors Need to Know
Dominion Energy (D - Free Report) closed at $60.12 in the latest trading session, marking a +0.91% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.27%. Elsewhere, the Dow saw an upswing of 0.65%, while the tech-heavy Nasdaq appreciated by 0.26%.
Prior to today's trading, shares of the energy company had gained 4.23% over the past month. This has outpaced the Utilities sector's loss of 2.82% and the S&P 500's gain of 2% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Dominion Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on November 1, 2024. On that day, Dominion Energy is projected to report earnings of $0.92 per share, which would represent year-over-year growth of 19.48%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.09 billion, up 7.3% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.76 per share and a revenue of $15.44 billion, indicating changes of +38.69% and -5.81%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Dominion Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.17% higher. As of now, Dominion Energy holds a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Dominion Energy has a Forward P/E ratio of 21.62 right now. This signifies a premium in comparison to the average Forward P/E of 17.24 for its industry.
We can additionally observe that D currently boasts a PEG ratio of 1.59. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Utility - Electric Power was holding an average PEG ratio of 2.75 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow D in the coming trading sessions, be sure to utilize Zacks.com.