Dominion Resources D is one of the largest producers and transporters of energy, with a portfolio of nearly 24,400 megawatts of generation assets, 12,200 miles of natural gas transmission, gathering and storage pipeline and 6,490 miles of electric transmission lines.
Dominion is among the nation's largest natural gas storage systems with 928 billion cubic feet of storage capacity and serves utility and retail energy customers in 14 states. Dominion is gradually building up its renewable assets through organic and inorganic routes.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate for earnings of $1.06 per share has decreased 6.3% over the last 90 days.
Coming to the earnings surprise, Dominion Resources has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 0.06%.
Zacks Rank: Currently, Dominion Resources has a Zacks Rank #3 (Hold). However, that could change following its third quarter 2015 earnings report which has just released.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Dominion Resources’ third quarter 2015 EPS of $1.03 was lower than the Zacks Consensus Estimate of $1.06 by 2.8%.
Revenue: Revenues also lagged the expectations. Dominion Resources posted revenues of $2,976 million, missing our consensus estimate of $3,181 million.
Key Stats: Dominion Resources’ electric delivery customers increased 1.2% year over year to nearly 2.52 million. The company guided fourth-quarter 2015 earnings in the band of 85 cents to 95 cents per share.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Dominion Resources earnings report later!
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