Dominion Energy (D) Suffers a Larger Drop Than the General Market: Key Insights

In the latest close session, Dominion Energy (D) was down 1.69% at $65.10. This move lagged the S&P 500's daily loss of 0.48%. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 0.64%.

Shares of the energy company witnessed a loss of 2.76% over the previous month, trailing the performance of the Utilities sector with its loss of 1.17%, and the S&P 500's loss of 0.97%.

Analysts and investors alike will be keeping a close eye on the performance of Dominion Energy in its upcoming earnings disclosure. In that report, analysts expect Dominion Energy to post earnings of $1.19 per share. This would mark year-over-year growth of 12.26%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.95 billion, up 9.24% from the year-ago period.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.57 per share and revenue of $18.36 billion. These totals would mark changes of +4.39% and +11.26%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Dominion Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Dominion Energy boasts a Zacks Rank of #3 (Hold).

Looking at valuation, Dominion Energy is presently trading at a Forward P/E ratio of 18.52. This indicates a premium in contrast to its industry's Forward P/E of 17.4.

It's also important to note that D currently trades at a PEG ratio of 3.09. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.65.

The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 32% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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