Dominion Resources Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Dominion Resources, Inc. (NYSE:D) will unveil its latest earnings on Friday, January 27, 2012. Dominion Resources supplies electricity and natural gas to various regions across the United States.

Dominion Resources, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 65 cents per share, a rise of 3.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 64 cents during the last month. For the year, analysts are projecting net income of $3.12 per share, a decline of 6.6% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 95 cents per share versus a mean estimate of 94 cents. Two quarters ago, it reported net income of 59 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.2% in revenue from the year-earlier quarter to $4.02 billion.

Analyst Ratings: Analysts seem relatively indifferent about Dominion Resources with 13 of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 31.8% to $392 million (69 cents a share) from $575 million (98 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 3.7% to $3.8 billion from $3.95 billion.

Key Stats:

Revenue fell in the third quarter after seeing a rise the quarter before. In the second quarter, revenue rose 0.2%.

Competitors to Watch: Integrys Energy Group, Inc. (NYSE:TEG), CenterPoint Energy, Inc. (NYSE:CNP), SCANA Corporation (NYSE:SCG), CMS Energy Corporation (NYSE:CMS), DTE Energy Company (NYSE:DTE), Ameren Corporation (NYSE:AEE), NiSource Inc. (NYSE:NI), Wisconsin Energy Corp. (NYSE:WEC), Sempra Energy (NYSE:SRE), and Avista Corporation (NYSE:AVA).

Stock Price Performance: During December 21, 2011 to January 23, 2012, the stock price had dropped $2.31 (-4.4%) from $52.79 to $50.48. The stock price saw one of its best stretches over the last year between April 18, 2011 and May 4, 2011 when shares rose for 12-straight days, rising 6.6% (+$2.83) over that span. It saw one of its worst periods between December 29, 2011 and January 13, 2012 when shares fell for 11-straight days, falling 5.5% (-$2.93) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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