Dominion Energy (D) closed at $80.22 in the latest trading session, marking a -0.24% move from the prior day. This change lagged the S&P 500's daily gain of 0.74%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 1.67%.
Heading into today, shares of the energy company had lost 0.9% over the past month, lagging the Utilities sector's gain of 3.61% and the S&P 500's gain of 5.51% in that time.
Wall Street will be looking for positivity from D as it approaches its next earnings report date. This is expected to be July 31, 2020. The company is expected to report EPS of $0.83, up 7.79% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.22 billion, down 18.91% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.63 per share and revenue of $16.26 billion, which would represent changes of -14.39% and -1.87%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for D. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 16.96% lower within the past month. D is currently a Zacks Rank #5 (Strong Sell).
In terms of valuation, D is currently trading at a Forward P/E ratio of 22.13. For comparison, its industry has an average Forward P/E of 18.26, which means D is trading at a premium to the group.
Investors should also note that D has a PEG ratio of 7.3 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 3.62 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 164, which puts it in the bottom 36% 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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Dominion Energy Inc. (D) : Free Stock Analysis Report
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