Dominion Vitality Q3 Preview: a dominating utility within the long-run (NYSE:D)
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Dominion Vitality (NYSE:D) is scheduled to announce Q3 earnings outcomes on Friday, November 4th, earlier than market open.
The consensus EPS Estimate is $1.08 (-2.7% Y/Y) and the consensus Income Estimate is $3.98B (+25.3% Y/Y).
SA contributor Searching for Income in its mid October put up mentioned the utility presents “a sexy combine” of revenue and development, ranking it purchase on the time of publishing.
Individually in an August put up, Searching for Alpha contributor Daniel Jones wrote that the inventory is “a wise prospect”, citing managements working strategies.
Over the past 2 years, D has crushed EPS estimates 63% of the time and has crushed income estimates 13% of the time.
Over the past 3 months, EPS estimates have seen 0 upward revisions and 10 downward. Income estimates have seen 1 upward revision and three downward.
Dominion’s Searching for Alpha Quant ranking is 3.08, ranks 8th amongst utility shares.
The SA Quant ranking on Dominion is a maintain, whereas the Wall Avenue and SA Authors common ranking is purchase.
Final week, the utility, Virginia AG and different events filed a settlement settlement to implement a number of client protections associated to improvement of its 2.6 GW coastal Virginia offshore wind venture.
Dominion joined a coalition of utilities together with Tennessee Valley Authority to pursue federal monetary assist for a hydrogen hub within the southeast U.S. earlier this week.
On Thursday, Dominion declared a quarterly dividend of $0.6675 a share, consistent with earlier quarters.
As of final shut, Dominion has misplaced 12.1% in worth this 12 months, whereas benchmark utility index (SP500-55) fell 7.3%.
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