Dominion Resources Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Dominion Resources, Inc. (NYSE:D) will unveil its latest earnings on Friday, October 28, 2011. 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 net income of 95 cents per share, a decline of 7.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 93 cents. Between one and three months ago, the average estimate moved up. It has dropped from 96 cents during the last month. For the year, analysts are projecting profit of $3.14 per share, a decline of 6% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 2 cents in the first quarter, the company fell in line with expecations by reporting net income of 59 cents per share last quarter.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 1.3% in revenue from the year-earlier quarter to $3.9 billion.

Analyst Ratings: Analysts seem relatively indifferent about Dominion Resources with 13 of 16 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 80.9% to $336 million (58 cents a share) from $1.76 billion ($2.98 a share) the year earlier, meeting analyst expectations. Revenue rose 0.2% to $3.34 billion from $3.33 billion.

Key Stats:

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 2.7%.

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 July 29, 2011 to October 24, 2011, the stock price had risen $3.44 (7.2%) from $47.96 to $51.40. 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% (+$2.86) over that span. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven-straight days, falling 3.1% (-$1.54) over that span. Shares are up $10 (+24.2%) year to date.

(Source: Xignite Financials)

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