Dominion Energy Inc.
D
is scheduled to release fourth-quarter 2020 earnings on Feb 12, before the market opens. This utility delivered an earnings surprise of 8% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Dominion generates a substantial portion of regulated electric and natural gas revenues from residential customers. The ongoing expansion of its electric and natural gas customer base is expected to have boosted demand and fourth-quarter earnings. Repurchase of shares and the resultant reduction of shares outstanding are likely to have positively impacted fourth-quarter earnings.
Expectation
Dominion Energy expects fourth-quarter earnings in the range of 73-87 cents per share. The Zacks Consensus Estimate for the same is pegged at 76 cents per share, indicating a decline of 35.4% from the year-ago reported figure.
Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Dominion Energy this time around. The combination of a positive
Earnings ESP
and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as you will see below.
Dominion Energy Inc. Price and EPS Surprise
Dominion Energy Inc. price-eps-surprise
|
Dominion Energy Inc. Quote
Earnings ESP
: The company’s Earnings ESP is +9.21%.
You can uncover the best stocks to buy or sell before they’re reported with our
Earnings ESP Filter
.
Zacks Rank
: Currently, it carries a Zacks Rank #4 (Sell).
Stocks to Consider
Investors can consider the following players from the same
industry
that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
The Southern Company
SO
is slated to release fourth-quarter 2020 on Feb 18. It has an Earnings ESP of +2.15% and a Zacks Rank #3. You can see
the complete list of today’s Zacks #1 Rank stocks here
.
Exelon Corporation
EXC
is slated to release fourth-quarter 2020 on Feb 24. It has an Earnings ESP of +2.15% and a Zacks Rank #3.
CenterPoint Energy
CNP
is slated to release fourth-quarter 2020 results on Feb 25. It has an Earnings ESP of +11.11% and a Zacks Rank #3.
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