How Do Analysts See Dominion Energy Midstream Partners LP (DM) Performing Over The Next Year?
Analysts covering Dominion Energy Midstream Partners LP (NYSE:DM) are predicting double-digit earnings per share growth of 12.49% over the following three years. With the recent EPS being $1.405, expected growth will push the upcoming EPS to $1.58. To assess the reasonability of DM’s earnings growth per share, we should look at its most recent growth rate delivered. See our latest analysis for DM
Exciting times ahead for DM
DM is covered by 5 analysts who by consensus are expecting earnings to increase from today’s level of $1.405 to $1.58 over the next couple of years. This illustrates a relatively optimistic outlook in the near term, with a relatively solid earnings per share growth rate of 12.49% over the next few years. During the same time we should see the revenue grow rapidly from $519M to $1,179M and profits (net income) are predicted to escalate from $129M to $145M in the next couple of years, growing by 12.49%. Furthermore, margins are on track to be a respectable 14.78% in the future.
Basis for the growth
The past can be a great indicator for future performance for a stock. We can determine whether this level of expected growth is illustrative of future headwinds or whether the company continues to grapple with higher growth. DM delivered a high double-digit growth rate in the past year, compared to the less exciting rate expected this year. This may indicate a more sustainable level of growth as the company comes off a high-growth period. Conversely, a weaker company outlook may raise the question of its ability to continue outperforming.
Next Steps:
For DM, there are three pertinent aspects you should further research:
1. Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
2. Future Earnings: How does DM’s growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
3. Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of DM? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
