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Dominion Energy (D) Outpaces Stock Market Gains: What You Should Know

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In the latest trading session, Dominion Energy (D) closed at $78.60, marking a +1.62% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq lost 0.04%.

Prior to today's trading, shares of the energy company had lost 1.01% over the past month. This has was narrower than the Utilities sector's loss of 1.48% and lagged the S&P 500's gain of 5.55% in that time.

Wall Street will be looking for positivity from Dominion Energy as it approaches its next earnings report date. This is expected to be August 8, 2022. The company is expected to report EPS of $0.77, up 1.32% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.43 billion, up 13.01% from the prior-year quarter.

D's full-year Zacks Consensus Estimates are calling for earnings of $4.11 per share and revenue of $15.86 billion. These results would represent year-over-year changes of +6.48% and +13.54%, respectively.

Investors might also notice recent changes to analyst estimates for Dominion Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

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 0.08% lower. Dominion Energy is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note Dominion Energy's current valuation metrics, including its Forward P/E ratio of 18.82. This represents a premium compared to its industry's average Forward P/E of 18.45.

Investors should also note that D has a PEG ratio of 2.96 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. D's industry had an average PEG ratio of 3.21 as of yesterday's close.

The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 33% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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