Dominion Power Q3 Preview: a dominating utility within the long-run (NYSE:D)

Dominion Power (NYSE:D) is scheduled to announce Q3 earnings outcomes on Friday, November 4th, earlier than market open.

The consensus EPS Estimate is $1.08 (-2.7% Y/Y) and the consensus Income Estimate is $3.98B (+25.3% Y/Y).

SA contributor In search of Income in its mid October publish mentioned the utility affords “a sexy combine” of earnings and progress, score it purchase on the time of publishing.

Individually in an August publish, In search of Alpha contributor Daniel Jones wrote that the inventory is “a smart prospect”, citing managements working strategies.

During the last 2 years, D has overwhelmed EPS estimates 63% of the time and has overwhelmed income estimates 13% of the time.

During the last 3 months, EPS estimates have seen 0 upward revisions and 10 downward. Income estimates have seen 1 upward revision and three downward.

Dominion’s In search of Alpha Quant score is 3.08, ranks 8^th amongst utility shares.

The SA Quant score on Dominion is a maintain, whereas the Wall Avenue and SA Authors common score is purchase.

Final week, the utility, Virginia AG and different events filed a settlement settlement to implement a number of client protections associated to improvement of its 2.6 GW coastal Virginia offshore wind venture.

Dominion joined a coalition of utilities together with Tennessee Valley Authority to pursue federal monetary assist for a hydrogen hub within the southeast U.S. earlier this week.

On Thursday, Dominion declared a quarterly dividend of $0.6675 a share, in step with earlier quarters.

As of final shut, Dominion has misplaced 12.1% in worth this yr, whereas benchmark utility index (SP500-55) fell 7.3%.