Dominion Energy (D) ended the most recent trading session at $57.13, representing a -0.16% fluctuation from the previous day's closing price. The move lagged the S&P 500's daily gain of 0.4%. Meanwhile, the Dow was up 0.62% and the technology-focused Nasdaq was up 0.6%.

Heading into today, shares of the energy company had gained 1.91% over the past month, lagging the Utilities sector's gain of 4.34% and outperforming the S&P 500's gain of 1.71% in that time.

Investors will be paying close attention to Dominion Energy's performance in its upcoming earnings release. The company is expected to report earnings per share of $0.94, representing growth of 22.08% compared to the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.12 billion, up 8.23% from the year-ago period.

D's full-year Zacks Consensus Estimates are calling for earnings of $2.75 per share and revenue of $15.73 billion. These results would represent year-over-year changes of +38.19% and -4.05%, respectively.

Any recent changes to analyst estimates for Dominion Energy should also be noted by investors. These recent adjustments often reflect the changing dynamics of short-term business patterns. As a result, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research suggests that these estimate changes are directly related to upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable track record of outperformance as verified by third-party audits, with stocks rated #1 having an average generate an annual return of +25%. since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. Currently, Dominion Energy has a Zacks Rank of #3 (Hold).

In terms of valuation, Dominion Energy is currently trading at a Forward P/E ratio of 20.8. This valuation represents a premium compared to its industry's average Forward P/E of 17.67.

Investors should also note that D currently has a PEG ratio of 1.53. This popular metric is similar to the widely known P/E ratio, except that the PEG ratio also takes into account the company's expected earnings growth rate. The Utilities industry currently had an average PEG ratio of 2.81 as of yesterday's close.

The story continues

The Utilities – Electricity industry is part of the utilities sector. This industry currently has a Zacks Industry Rank of 33, putting it in the top 14% of all 250+ industries.

The Zacks Industry Rank evaluates the strength of our individual industry groups by calculating the average Zacks Rank of the individual stocks within the groups. Our research shows that the top rated 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock moving metrics and many more on Zacks.com.

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Dominion Energy Inc. (D): Free stock analysis report

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