Dominion Energy (D) To Report Q2 Earnings: What's In Store?
Zacks Investment Research | Jul 24, 2019 09:18PM ET
Dominion Energy Inc. (NYSE:D) is scheduled to report second-quarter 2019 results on Jul 31, before the opening bell. The company came up with a negative earnings surprise of 1.79% in the last reported quarter.
Let’s see how things are shaping up before the next earnings announcement.
Factors to Consider
Dominion Energy’s second-quarter earnings are expected to gain from regulated investment and the addition of Southeast Energy Group. However, higher share count, Millstone refueling outage, sale of assets and farmout timings are likely to offset these positives to some extent.
The company is expected to benefit from strong customer growth in its service territories. Secured earnings from more than 95% regulated assets will drive Dominion Energy’s bottom-line growth in the second quarter.
It expects second-quarter earnings in the range of 70-80 cents per share compared with 86 cents reported in the year-ago period. The Zacks Consensus Estimate for the same is pegged at 75 cents, down 12.8% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model shows that Dominion Energy is unlikely to beat estimates in the to-be-reported quarter. A stock needs to have both a positive
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