Dominion Energy's Q2 Earnings Surprise Offsets Revenue Miss: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
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Source: Benzinga
Financial Performance: Dominion Energy reported second-quarter FY24 revenue of $3.486 billion, which was below the expected $3.729 billion, but adjusted operating earnings increased significantly to $563 million from $310 million a year ago, surpassing the consensus EPS estimate.
Outlook and Stock Movement: The company reaffirmed its FY24 and FY25 operating EPS guidance, maintaining all previously provided financial guidance, while shares rose 2.21% to $54.64 following the earnings report.
Analyst Views on WBIY
Wall Street analysts forecast WBIY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WBIY 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: 33.191
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Current: 33.191
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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.
