Heading into today, shares of the energy company had gained 1.24% over the past month, lagging the Utilities sector’s gain of 4.54% and the S&P 500’s gain of 2.55% in that time.
D will be looking to display strength as it nears its next earnings release, which is expected to be November 5, 2020. On that day, D is projected to report earnings of $1.06 per share, which would represent a year-over-year decline of 10.17%. Meanwhile, our latest consensus estimate is calling for revenue of $3.62 billion, down 15.19% from the prior-year quarter.
D’s full-year Zacks Consensus Estimates are calling for earnings of $3.63 per share and revenue of $16.48 billion. These results would represent year-over-year changes of -14.39% and -0.56%, respectively.
Investors might also notice recent changes to analyst estimates for D. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.89% lower within the past month. D is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, D is holding a Forward P/E ratio of 22.26. For comparison, its industry has an average Forward P/E of 18.17, which means D is trading at a premium to the group.
Meanwhile, D’s PEG ratio is currently 6.31. This popular metric is similar to the