Dominion Energy (D) Stock Drops Despite Market Gains: Important Facts to Note

Company Performance - Dominion Energy's stock closed at $54.73, reflecting a -1.41% change from the previous day's closing price, underperforming the S&P 500's daily gain of 0.94% [1] - Over the past month, shares of Dominion Energy experienced a loss of 0.47%, lagging behind the Utilities sector's gain of 2.01% and the S&P 500's gain of 1.67% [1] Earnings Projections - Dominion Energy is projected to report earnings of $0.77 per share, indicating a year-over-year growth of 40% [2] - The consensus estimate for revenue is $3.69 billion, reflecting a 5.81% increase from the same quarter last year [2] Full Year Estimates - For the full year, earnings are estimated at $3.39 per share and revenue at $15.37 billion, showing changes of +22.38% and +6.33% respectively from the previous year [3] - Recent revisions to analyst estimates suggest positive near-term business trends, which are interpreted as a favorable sign for the business outlook [3] Valuation Metrics - Dominion Energy is currently trading at a Forward P/E ratio of 16.38, which is a discount compared to the industry average Forward P/E of 18 [6] - The company's PEG ratio stands at 1.21, while the average PEG ratio for the Utility - Electric Power industry is 2.63 [6] Industry Ranking - The Utility - Electric Power industry holds a Zacks Industry Rank of 70, placing it in the top 29% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, indicating that top-rated industries outperform the bottom half by a factor of 2 to 1 [7]