Dominion Energy (D) Increases Despite Market Slip: Here's What You Need to Know

Dominion Energy (D) closed at $61.12 in the latest trading session, marking a +2.17% move from the prior day. This move outpaced the S&P 500's daily loss of 0.55%. Meanwhile, the Dow lost 0.19%, and the Nasdaq, a tech-heavy index, lost 0.95%. Shares of the energy company witnessed a loss of 0.61% over the previous month, beating the performance of the Utilities sector with its loss of 1.16%, and underperforming the S&P 500's gain of 3.64%.Investors will be eagerly watching for the performance of Dominion Energy in its upcoming earnings disclosure. In that report, analysts expect Dominion Energy to post earnings of $1.13 per share. This would mark year-over-year growth of 15.31%. At the same time, our most recent consensus estimate is projecting a revenue of $4.05 billion, reflecting a 2.88% rise from the equivalent quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.39 per share and a revenue of $15.24 billion, representing changes of +22.38% and +5.43%, respectively, from the prior year. It's also important for investors to be aware of any recent modifications to analyst estimates for Dominion Energy. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Dominion Energy boasts a Zacks Rank of #3 (Hold). Investors should also note Dominion Energy's current valuation metrics, including its Forward P/E ratio of 17.63. This signifies a discount in comparison to the average Forward P/E of 18.13 for its industry. Investors should also note that D has a PEG ratio of 1.3 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Utility - Electric Power industry held an average PEG ratio of 2.7. The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 35% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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. Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dominion Energy Inc. (D): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks