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Dominion (D) Q1 Earnings Match Estimates; Revenues Lag

Dominion Resources D is one of the largest producers and transporters of energy, with a portfolio of nearly 25,700 megawatts of generation assets, 12,200 miles of natural gas transmission, gathering and storage pipeline and 6,500 miles of electric transmission lines.

Dominion is among the nation's largest natural gas storage systems with 933 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 first quarter Zacks Consensus Estimate for earnings of 96 cents per share has remained same 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. Since, the negative surprise was higher in other two quarters it led to an overall negative average surprise of 4.46%.

Zacks Rank: Currently, Dominion Resources has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: Dominion Resources’ first quarter 2016 EPS of 96 cents is inline with the Zacks Consensus Estimate.

Revenue: Revenues lagged the expectations. Dominion Resources posted revenues of $2,921 million, missing our consensus estimate of $3,407 million.

Key Stats: Milder weather adversely impacted Dominion Resources earnings in first quarter. The company guided second-quarter 2016 earnings in the band of 65 cents to 75 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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DOMINION RES VA (D): Free Stock Analysis Report
 
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