What's In The Cards For Dominion Energy's (D) Q4 Earnings?
Zacks Investment Research | Feb 05, 2020 07:55AM ET
Dominion Energy Inc. (NYSE:D) is scheduled to release fourth-quarter 2019 earnings on Feb 11, before the market opens. This utility delivered a positive earnings surprise of 1.7% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
Dominion Energy’s fourth-quarter earnings are expected to have gained from regulated investment across electric and gas businesses, as well as contribution from Southeast Energy Group. In addition, proper management of operation and maintenance expenses is likely to have had a positive impact on its fourth-quarter earnings.
However, higher share count, sale of assets in 2018 and return to normal weather conditions are likely to have offset these positives to some extent.
Dominion Energy expects fourth-quarter earnings in the range of $1.10-$1.25 per share. The bottom line was 89 cents per share in the year-ago period. The Zacks Consensus Estimate for the same is pegged at $1.16 per share, indicating an increase of 30.3% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Dominion Energy this time around. A stock needs to have both a positive Earnings ESP Filter .
Zacks Rank: Currently, the company carries a Zacks Rank of 3.
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