Get a deeper insight into the potential performance of Dominion Energy (D) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Dominion Energy (D) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of Dominion Energy (D -4.47%) were moving lower today after the Virginia-based utility company provided an update on an offshore wind project, showing that it would be more expensive than originally planned.
In the closing of the recent trading day, Dominion Energy (D) stood at $56.32, denoting a +1.31% change from the preceding trading day.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Dominion Energy has been a beneficiary of the ongoing generative AI/ data center capex boom in Virginia, thanks to its clean energy offerings across renewables and natural gas. These have also triggered the management's promising long-term growth targets, supported by the intensified capex plans. These have led to D's somewhat premium valuations, a trend similarly observed in its natural gas peers, partly aided by the commodity's rising spot prices.
Dividend yields can be like ladders: The higher you go, the scarier it gets. Many of us are more afraid of falling off an especially tall ladder than a shorter one.
Dominion Energy (D) closed the most recent trading day at $53.65, moving -0.07% from the previous trading session.
In the most recent trading session, Dominion Energy (D) closed at $54.60, indicating a +1.05% shift from the previous trading day.
In the latest trading session, Dominion Energy (D) closed at $54.73, marking a +0.61% move from the previous day.
D is currently a solid investment opportunity for investors, given its rising earnings estimates and demand for clean energy in the company's service region.
Dominion Energy is well-positioned for growth, driven by solidified data center demand and supportive regulatory environments. Dominion's firm contracts with data centers mitigate speculative demand risks, ensuring secured incremental load. Regulatory support and ongoing offshore wind projects, like CVOW, enhance Dominion's growth prospects, with expected completion by 2026.