The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Dominion Resources whiffed on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Dominion Resources reported revenue of $3.17 billion. The two analysts polled by S&P Capital IQ anticipated sales of $4.07 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.69. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.69 per share. GAAP EPS were -$0.66 for Q4 versus $0.35 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was -0.1%, 3,300 basis points worse than the prior-year quarter. Operating margin was -13.9%, 3,360 basis points worse than the prior-year quarter. Net margin was -12.0%, 1,830 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.59 billion. On the bottom line, the average EPS estimate is $0.88.
Next year's average estimate for revenue is $13.96 billion. The average EPS estimate is $3.37.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 614 members out of 656 rating the stock outperform, and 42 members rating it underperform. Among 180 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 168 give Dominion Resources a green thumbs-up, and 12 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 $54.21.
Looking for alternatives to Dominion Resources? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Dominion Resources to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Dominion Resources. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.