NEW YORK (TheStreet) -- Dominion Resources (D) shares are up 0.92% to $72.35 in early market trading on Monday after the energy producer and transporter reported its first quarter results before the opening bell today.
The company said it had a first quarter net profit of $536 million, or 99 cents per diluted share on revenue that fell slightly year over year to $3.41 billion from $3.6 billion. Analysts on average were expecting the company to report earnings of 96 cents per share on revenue of $3.6 billion.
For the year the company has forecast earnings between $3.50 and $3.85 per share which is in line with Thomson Reuters consensus $3.68 adjusted profit expectations.
TheStreet Ratings team rates DOMINION RESOURCES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate DOMINION RESOURCES INC (D) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: D Ratings Report