Dominion Energy Reports Mixed Bag Of Q1 Earnings, Sticks To Annual Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2024
0mins
Source: earning
- Financial Performance: Dominion Energy Inc reported lower-than-expected revenue for the first quarter of FY24, with operating expenses remaining flat year-over-year.
- Earnings and Outlook: Adjusted operating earnings and EPS declined compared to the previous year, but were in line with consensus. The company reaffirmed its operating EPS guidance for FY24 and FY25.
- Cash Position: As of March-end, Dominion Energy had cash and cash equivalents totaling $265 million.
- Project Update: The company refuted claims of delays in the Coastal Virginia Offshore Wind project, stating that such reports are false.
- Investor Information: Investors can access Dominion Energy stock through specific ETFs. The company also reiterated all financial guidance provided at its investor meeting in March.
Analyst Views on BKGI
Wall Street analysts forecast BKGI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKGI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 41.430
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Current: 41.430
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
