The 10-second takeaway
For the quarter ended March 31 (Q1), Dominion Resources whiffed on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased.
Margins expanded across the board.
Dominion Resources booked revenue of $3.49 billion. The three analysts polled by S&P Capital IQ looked for net sales of $3.99 billion on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $4.06 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.85. The nine earnings estimates compiled by S&P Capital IQ averaged $0.86 per share. GAAP EPS of $0.86 for Q1 were 4.9% higher than the prior-year quarter's $0.82 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.3%, 380 basis points better than the prior-year quarter. Operating margin was 26.2%, 110 basis points better than the prior-year quarter. Net margin was 14.1%, 230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.35 billion. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $15.21 billion. The average EPS estimate is $3.21.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 606 members out of 649 rating the stock outperform, and 43 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 155 give Dominion Resources a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dominion Resources is hold, with an average price target of $51.44.
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