Valued at a market cap of $49.5 billion, Dominion Energy, Inc. (D) provides regulated electricity and natural gas services. The Richmond, Virginia-based company serves millions of customers across multiple states and operates a vast network of power generation, transmission, and distribution infrastructure. It is scheduled to announce its fiscal Q2 earnings for 2025 before the market opens on Friday, Aug. 1.
Before this event, analysts project this utility company to report a profit of $0.75 per share, up 36.4% from $0.55 per share in the year-ago quarter. The company has surpassed Wall Street’s bottom-line estimates in three of the last four quarters, while missing on another occasion. Its earnings of $0.93 per share in the previous quarter outpaced the consensus estimates by 20.8%.
For the full year, analysts expect Dominion Energy to report EPS of $3.39, up 22.4% from $2.77 in fiscal 2024. Its EPS is expected to further grow 5.9% year-over-year to $3.59 in fiscal 2026.
Shares of D have gained 12.2% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 14.5% return and the Utilities Select Sector SPDR Fund’s (XLU) 19.8% uptick over the same time frame.
Shares of Dominion Energy closed up marginally on May 1, after it delivered better-than-expected Q1 results. The company’s revenue increased 12.2% year-over-year to $4.1 billion, surpassing the consensus estimate. Meanwhile, its adjusted operating EPS came in at $0.93, representing an impressive 69.1% increase from the year-ago quarter, driven by strong growth in net income from its Virginia and South Carolina segments. The bottom-line figure also exceeded Wall Street expectations by a notable margin of 20.8%. Looking ahead, D reaffirmed its fiscal 2025 operating earnings guidance in the range of $3.28 to $3.52 per share.
Wall Street analysts are cautious about D’s stock, with an overall "Hold" rating. Among 19 analysts covering the stock, three recommend "Strong Buy," 15 indicate "Hold,” and one suggests a "Strong Sell” rating. The mean price target for Dominion Energy is $60.50, indicating a 4.9% potential upside from the current levels.
