Earnings Preview: Analysts Expect Dominion Resources Revenue, Earnings to Dip from Previous Quarter

Dominion Resources D announces its next round of earnings this Thursday, July 28, 2011. Get prepared with Benzinga's ultimate preview for Dominion Resources' second quarter earnings.

Earnings and Revenue:

Analysts are predicting an EPS reading of 59 cents per share and revenues of $3.36 billion. Investors will be keen to see how this quarter's numbers stack up against the year-ago quarter's positive EPS of 72 cents per share on revenues of $3.33 billion. We'll have to wait for Thursday to see if Dominion Resources reports a decline in EPS and a slight boost in revenue from the year-ago quarter, as analysts are predicting.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance:

Shares of Dominion Resources were trading at $49.78 as of July 22, 2011. Shares are up 19% year to date.

Average Stock Rating:

The average rating by analysts for Dominion Resources is a Hold. The strength of this rating has crept upwards over the past three months.

Competitors:

Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Dominion Resources' peers.

• Ameren AEE: Moderate Sell with a $0.25 recent quarter EPS
• Avista AVA: Hold with a $0.73 recent quarter EPS
• CMS Energy CMS: Moderate Buy with a $0.51 recent quarter EPS
• CenterPoint Energy CNP: Moderate Buy with a $0.34 recent quarter EPS

The utility-electric power company's industry has seen price/earnings growth of 2.6% during the current fiscal year.

Finally, a description of the company's main areas of operation: Dominion Resources supplies electricity and natural gas to various regions across the United States.

Take Action:

Now that you're fully prepared, get ready to take quick action if the company reports any numbers significantly different from those listed above. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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