Dominion Energy (NYSE:D) First Quarter 2024 Results

Key Financial Results

• Revenue: US$3.63b (down 6.5% from 1Q 2023).

• Net income: US$540.0m (down 21% from 1Q 2023).

• Profit margin: 15% (down from 18% in 1Q 2023).

• EPS: US$0.65 (down from US$0.81 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dominion Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Integrated Utilities industry in the US.

Performance of the American Integrated Utilities industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Following the latest earnings results, Dominion Energy may be overvalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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