U.S. Markets close in 59 mins

Dominion (D) Q1 Earnings, Revenues Surpass Estimates

Zacks Equity Research

Dominion Resources D is one of the largest producers and transporters of energy, with a portfolio of nearly 26,400 megawatts of generation assets, 14,600 miles of natural gas transmission, gathering and storage pipeline and 6,600 miles of electric transmission lines.

Dominion is among the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves utility and retail energy customers in 14 states. Dominion is gradually building up its renewable assets through organic and inorganic routes.

Estimate Trend & Surprise History

Investors should note that the first quarter Zacks Consensus Estimate for earnings of 96 cents per share has decreased by 4.1% over the last 90 days.

Coming to the earnings surprise, Dominion Resources has surpassed the Zacks Consensus Estimate in one of the last four quarters, resulting in an overall positive average surprise of 2.16%.

Zacks Rank: Currently, Dominion Resources has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.

We have mentioned below some of the vital information from this just-revealed announcement:

Dominion Resources, Inc. Price and EPS Surprise

 

Dominion Resources, Inc. Price and EPS Surprise | Dominion Resources, Inc. Quote

Earnings: Dominion Resources reported earnings of 97 cents per share, beating the Zacks Consensus Estimate of 96 cents by a penny.

Revenue: Dominion’s total revenues came in at $3,384 million, 0.6% higher than the Zacks Consensus Estimate of $3,365 million.

Key Stats: At the end of the first quarter the company was serving 24,832 more electric delivery customers compared with the year ago level.

Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on this Dominion Resources earnings report later!

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Dominion Resources, Inc. (D): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research