Key Facts: Dominion Energy (D) Makes Progress but Lags Behind Market

Dominion Energy (D) closed the most recent trading session at $50.67, marking a slight increase of 0.08% from the previous day. While the stock lagged behind the S&P 500, which saw a daily gain of 1.2%, it still managed to outperform the Utilities sector and the overall market.

Over the past month, Dominion Energy’s shares have surged by 4.93%, surpassing the sector and S&P 500 losses during the same period. Investors are eagerly awaiting the company’s upcoming earnings release on May 2, 2024. Analysts are projecting earnings of $0.52 per share, a 47.47% decline from the previous year, with revenues expected to drop by 16.55%.

Looking ahead, the Zacks Consensus Estimates forecast earnings of $2.86 per share and revenue of $16.76 billion for the full year, representing significant changes from the prior year. Analysts are closely monitoring any changes in estimates for Dominion Energy, as these revisions often reflect shifts in business trends and profitability.

The Zacks Rank system, which currently rates Dominion Energy as a Hold (Rank #3), has a strong track record of predicting stock performance based on estimate changes. Additionally, the company’s valuation metrics, including a Forward P/E ratio of 17.7 and a PEG ratio of 1.99, indicate a premium compared to industry averages.

The Utility – Electric Power industry, to which Dominion Energy belongs, is ranked in the top 38% of all industries by Zacks. Investors are advised to stay informed on these key metrics and industry rankings to make informed decisions about their investments.