Dominion Energy (D) Gains But Lags Market: What You Should Know
Dominion Energy (D) closed the most recent trading day at $68.97, moving +0.13% from the previous trading session. This change lagged the S&P 500's 0.22% gain on the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 0.16%.
Coming into today, shares of the energy company had lost 6.4% in the past month. In that same time, the Utilities sector lost 3.28%, while the S&P 500 gained 0.49%.
Wall Street will be looking for positivity from D as it approaches its next earnings report date. This is expected to be February 1, 2019. In that report, analysts expect D to post earnings of $0.93 per share. This would mark year-over-year growth of 2.2%. Meanwhile, our latest consensus estimate is calling for revenue of $3.27 billion, up 1.8% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for D. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. D is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, D is holding a Forward P/E ratio of 16.14. For comparison, its industry has an average Forward P/E of 17.8, which means D is trading at a discount to the group.
Also, we should mention that D has a PEG ratio of 2.53. 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. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.18 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 108, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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