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Dominion Resources (NYSE: 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.
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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
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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 (NYSE: AEE): Moderate Sell with a $0.59 recent quarter EPS
- Avista (NYSE: AVA): Hold with a $0.39 recent quarter EPS
- CMS Energy (NYSE: CMS): Moderate Buy with a $0.26 recent quarter EPS
- CenterPoint Energy (NYSE: 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
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.