Yahoo Finance Dominion Energy (D) Stock Moves -1.14%: What You Should Know
In the latest trading session, Dominion Energy (D) closed at $61.81, marking a -1.14% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.56%. At the same time, the Dow lost 1.81%, and the tech-heavy Nasdaq lost 4.66%.
Prior to today's trading, shares of the energy company had gained 4.93% over the past month. This has outpaced the Utilities sector's gain of 3.33% and the S&P 500's gain of 3.82% in that time.
Dominion Energy will be looking to display strength as it nears its next earnings release, which is expected to be February 8, 2023. The company is expected to report EPS of $1.05, up 16.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.18 billion, up 7.86% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Dominion Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.77% lower. Dominion Energy is currently a Zacks Rank #3 (Hold).
Digging into valuation, Dominion Energy currently has a Forward P/E ratio of 15.26. For comparison, its industry has an average Forward P/E of 17.68, which means Dominion Energy is trading at a discount to the group.
Also, we should mention that D has a PEG ratio of 2.63. 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. D's industry had an average PEG ratio of 3.23 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 87, putting it in the top 35% 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.
To follow D in the coming trading sessions, be sure to utilize Zacks.com.
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Dominion Energy Inc. (D) : Free Stock Analysis Report
