Dominion Resources Earnings Preview: Revenue, EPS Expected to Fall

Dominion Resources D releases its next round of earnings this Friday, October 28, 2011. Get prepared with Benzinga's ultimate preview for Dominion Resources' third quarter earnings.

Earnings and Revenue:

Analysts are predicting an EPS reading of 95 cents/share and revenues of $3.9 billion. Dominion Resources' latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.03/share on revenues of $3.95 billion. Investors are bracing themselves for Friday when we'll learn if Dominion Resources reports lower EPS and slightly reduced revenue from the year-ago quarter, as analysts are predicting.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q2	Q1	Q4	Q3
EPS Estimate	$0.59	$0.91	$0.66	$1.07
EPS Actual	$0.59	$0.93	$0.63	$1.03

Stock Performance:

Shares of Dominion Resources were trading at $51.40 as of October 24, 2011. Since January 1st, shares of Dominion Resources have given investors a return of 24.2%. For a full 12 months, the return has risen by 20.1%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for Dominion Resources is a Hold. The strength of this rating has declined slightly over the past three months.

Competitors:

Wondering how some of the other utilities companies are doing? Here are a few of Dominion Resources' peers in that sector.

Ameren AEE: Moderate Sell with a $0.59 recent quarter EPS
Avista AVA: Hold with a $0.39 recent quarter EPS
CMS Energy CMS: Moderate Buy with a $0.26 recent quarter EPS
CenterPoint Energy CNP: Moderate Buy with a $0.24 recent quarter EPS

The utility-electric power company's industry has seen price/earnings growth of 28% during the current fiscal year.

Finally, a description of the company's main areas of operation: Dominion Resources supplies electricity and natural gas to various regions across the United States.

Take Action:

There is your peek into Dominion Resources' upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap. In the meantime, here are some links to explore today.

To see up-to-date news on Dominion Resources, click here
To see other trading ideas, click here
To see other company earnings recaps, click here

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