Please ensure Javascript is enabled for purposes of website accessibility

Dominion Resources Misses on Both Revenue and Earnings

By Seth Jayson - Updated Apr 10, 2017 at 1:40PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Just the facts, Fool.

Dominion Resources (NYSE: D) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Dominion Resources missed slightly on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share dropped slightly. GAAP earnings per share was unchanged.

Margins shrank across the board.

Revenue details
Dominion Resources notched revenue of $3.52 billion. The two analysts polled by S&P Capital IQ expected revenue of $3.59 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 details
EPS came in at $0.83. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.90 per share. Non-GAAP EPS of $0.83 for Q1 were 2.4% lower than the prior-year quarter's $0.85 per share. GAAP EPS of $0.86 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 39.6%, 210 basis points worse than the prior-year quarter. Operating margin was 26.4%, 210 basis points worse than the prior-year quarter. Net margin was 14.1%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $3.15 billion. On the bottom line, the average EPS estimate is $0.66.

Next year's average estimate for revenue is $14.06 billion. The average EPS estimate is $3.38.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 618 members out of 666 rating the stock outperform, and 48 members rating it underperform. Among 180 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 167 give Dominion Resources a green thumbs-up, and 13 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 $56.53.

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.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Dominion Resources, Inc. Stock Quote
Dominion Resources, Inc.
D
$81.24 (1.79%) $1.43

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
316%
 
S&P 500 Returns
112%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 07/05/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.