Dominion Energy Q3 earnings preview: Analysts expect slight decline

Dominion Energy (D [https://seekingalpha.com/symbol/D]) is scheduled to announce Q3 earnings results on Friday, October 31st, during market hours.

Wall Street, on average, expects the multi-utilities company to post a quarterly EPS of $0.95 [https://seekingalpha.com/symbol/D/earnings/estimates] (-3.1% Y/Y) on revenue of $4.25B (+7.9% Y/Y).

In the second quarter, Dominion Energy surpassed revenue and profit expectations [https://seekingalpha.com/news/4476476-dominion-energy-non-gaap-eps-of-0_75-beats-by-0_07-revenue-of-3_81b-beats-by-160m], driven by increasing power demand in Virginia and South Carolina.

“Dominion’s near-term performance is tied to data center load growth and its ~$11 billion offshore wind project in Virginia,” pointed out [https://seekingalpha.com/article/4833586-dominion-vs-ameren-buys-for-different-reasons]a recent Seeking Alpha analysis.

Over the last 2 years, D has beaten EPS estimates [https://seekingalpha.com/symbol/D/earnings/eps-surprise-summary] 88% of the time and has beaten revenue estimates 38% of the time.

Over the last 3 months, EPS estimates have seen 1 upward revision [https://seekingalpha.com/symbol/D/earnings/revisions] and 7 downward. Revenue estimates have seen 1 upward revision and 4 downward.

Since the start of the year, Dominion Energy shares have risen over 10%, compared to the 17% rise in the broader S&P 500 index (SP500 [https://seekingalpha.com/symbol/SP500]).

Seeking Alpha's Quant [https://seekingalpha.com/symbol/D/ratings/quant-ratings] recommended the stock as a Buy, while the Wall Street analysts [https://seekingalpha.com/symbol/D/ratings/sell-side-ratings] see the company as a Hold.

Dominion Energy shares were up 1% on Thursday.

MORE ON DOMINION ENERGY

* Dominion Vs. Ameren: Buys For Different Reasons [https://seekingalpha.com/article/4833586-dominion-vs-ameren-buys-for-different-reasons]
* Dominion Energy: No Fizz [https://seekingalpha.com/article/4825687-dominion-energy-no-fizz]
* Dominion And The 'War On Wind' [https://seekingalpha.com/article/4822676-dominion-and-the-war-on-wind]
* Trump administration reviewing five offshore wind projects amid policy shift [https://seekingalpha.com/news/4493796-trump-administration-reviewing-five-offshore-wind-projects-amid-policy-shift]
* Insider trades: Apple, Goldman Sachs, Block among notable names this week [https://seekingalpha.com/news/4490626-insider-trades-apple-goldman-sachs-block-among-notable-names-this-week]