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.
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