Dominion Resources, Inc. (NYSE:D) is trading up 15.37% versus 12-month low of 65.38 and stands -2.69% lower from its 1-year peak of $77.51. The consensus price target (PT) of $78.60 means that the market expects Company shares to increase by 3.8% in the short run. The sell-side target prices range from $72 to $85. In the last month the stock has moved in price 2.63%, with a one year change of 12.93%. The last trading session volume compares with the 2.53M average and market worth floats around 47.21B.
Dominion Resources, Inc. (NYSE:D) fell -0.38% to reach at the trading price of $75.43 as it is set to release its next quarterly earnings report on February 03, 2017. Dominion Resources, Inc. stock trades in the range of $75.12 to $75.68 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $1 a share with $3.82B in revenue.
Dominion Resources, Inc. (D) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Dominion Resources, Inc. to earn $1.06 per share (EPS) on revenue of $3.67B. The EPS consensus range is $0.94-$1.16 on revenue between $3.84B and $3.29B.
While if we look at the Earnings Track Record, Dominion Resources, Inc. (D) managed to surpass quarterly earnings per share estimates in 5 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 41%. Last time the company reported, Dominion Resources, Inc. (D) generated $1.14 in earnings per share, beating the consensus estimate of $1.07. Revenues hit $3.13B in the September 2017 quarter, which was below the consensus $3.26B projection. On the other hand, in the June 2017 quarter the company recorded a net $2.6B revenue with earnings per share of $0.71. Wall Street had anticipated $2.92B and $0.71, respectively. For comparison, there was a revenue of $2.92B and EPS of $0.96 in the March 2016 period.
Dominion Resources, Inc. (NYSE:D) Analyst Insights
The buoyancy in the outlook of Dominion Resources, Inc. (D) is getting weaker by the somewhat negative sentiment (2.60 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. JP Morgan has been covering shares of D, so it is most recent view is worth a look. In a research note issued on Aug 08, 2016, analysts at downgraded the stock to Equal-Weight from Overweight. Another noteworthy analyst activity was recorded on Jun 16, 2016. Downgraded the stock to Neutral from Overweight.