Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Dominion (D) To Report Q4 Earnings: What's In The Cards?

By Zacks Investment ResearchStock MarketsJan 29, 2019 07:32AM ET
www.investing.com/analysis/dominion-d-to-report-q4-earnings-whats-in-the-cards-200380365
Dominion (D) To Report Q4 Earnings: What's In The Cards?
By Zacks Investment Research   |  Jan 29, 2019 07:32AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Dominion Energy (NYSE:D) is scheduled to report fourth-quarter 2018 results on Feb 1, before the opening bell. The company surpassed estimates in the last four quarters, delivering average positive earnings surprise of 6.99%.

Factors to Consider

Dominion Energy expects fourth-quarter earnings in the range of 80-95 cents per share compared with 91 cents in the year-ago quarter. The Zacks Consensus Estimate for the same is pegged at 91 cents, in line with the year-ago figure.

Dominion’s fourth-quarter earnings are expected to gain from the Cove Point Liquefaction project and benefits from tax reforms. Moreover, the company should have benefited from increasing electricity demand from data center campuses and residential customers during the quarter. However, higher share count and lower solar tax credits are likely to offset these positives to some extent. In addition, higher financing costs are likely to have an adverse impact on earnings.

During the quarter, the company completed its previously announced non-core asset divestiture plans. It will utilize the proceeds to lower its debt level, which is currently higher than the industry average.


Dominion Energy Inc. Price and EPS Surprise

Here is What Our Quantitative Model Predicts:

Our proven model shows that Dominion is unlikely to beat estimates in the to-be-reported quarter. A stock needs to have both a positive Earnings ESP (which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is not the case here as you will see below.

Earnings ESP: The company’s Earnings ESP is -1.04%. This is because the Most Accurate Estimate of 90 cents is pegged lower than the Zacks Consensus Estimate of 91 cents.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, Dominion carries a Zacks Rank #3, which when combined with a negative Earnings ESP, lowers the possibility of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.

We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revision.

Stocks to Consider

Investors may consider the following companies from the same industry that have the right combination of elements to beat estimates in the quarter to be reported:

Ameren Corporation (NYSE:AEE) has an Earnings ESP of +4.62% and a Zacks Rank #1. The company is expected to report fourth-quarter 2018 earnings on Feb 14.

ALLETE Inc.. (NYSE:ALE) has an Earnings ESP of +5.26% and carries a Zacks Rank #2. The company is slated to report fourth-quarter 2018 results on Feb 14.

Portland General Electric (NYSE:GE) Company (NYSE:POR) has an Earnings ESP of +4.19% and a Zacks Rank #1. The company is expected to report fourth-quarter 2018 numbers on Feb 15.

Wall Street’s Next Amazon (NASDAQ:AMZN)

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>



Portland General Electric Company (POR): Free Stock Analysis Report

Ameren Corporation (AEE): Get Free Report

Dominion Energy Inc. (D): Get Free Report

Allete, Inc. (ALE): Free Stock Analysis Report

Original post

Zacks Investment Research
Dominion (D) To Report Q4 Earnings: What's In The Cards?
 

Related Articles

Dominion (D) To Report Q4 Earnings: What's In The Cards?

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email