S&P 500 (NYSE:SPY) component Dominion Resources, Inc. (NYSE:D) will unveil its latest earnings on Thursday, July 28, 2011. Dominion Resources, Inc. 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 59 cents per share, a decline of 18.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 62 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 59 cents during the last month. For the year, analysts are projecting net income of $3.14 per share, a decline of 6% from last year.
Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the first quarter, the company reported profit of 93 cents per share versus a mean estimate of net income of 91 cents per share. In the fourth quarter of the last fiscal year, the company missed estimates by 3 cents.
Wall St. Revenue Expectations: On average, analysts predict $3.36 billion in revenue this quarter, a rise of 0.9% from the year ago quarter. Analysts are forecasting total revenue of $15.7 billion for the year, a rise of 3.3% from last year’s revenue of $15.2 billion.
Analyst Ratings: Analysts seem relatively indifferent about Dominion Resources with 15 of 17 analysts surveyed maintaining a hold rating.
A year-over-year revenue decrease in the first quarter snaps a streak of two consecutive quarters of revenue increases. Revenue fell 2.7% in the first quarter and rose 15.1% in the fourth quarter of the last fiscal year and 8.3% in the third quarter of the last fiscal year.
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 April 27, 2011 to July 22, 2011, the stock price had risen $4.19 (9.2%) from $45.59 to $49.78. 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% (+$2.89) over that span. It saw one of its worst periods between March 9, 2011 and March 17, 2011 when shares fell for seven-straight days, falling 5.9% (-$2.70) over that span. Shares are up $7.96 (+19%) year to date.
(Source: Xignite Financials)