DT Midstream Inc reports results for the quarter ended in December - Earnings Summary

DT Midstream

16/02/2024 19:22

* DT Midstream Inc  DTM.N  reported quarterly adjusted
earnings of
$1.24​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 93
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 92 cents per share. Wall Street expected
results to range from 85 cents to 98 cents per share.
    * Revenue rose 0.4% to $244.00 million from a year ago;
analysts
expected $234.45 million. 
    * DT Midstream Inc's reported EPS for the quarter was
$1.24​.
    * The company reported quarterly net income of $121 million.
    * DT Midstream Inc shares had fallen by 4.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "hold"

Wall Street's median 12-month price target for DT Midstream Inc
is $58.00 
This summary was machine generated from LSEG data February 16 at
07:22 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.92           1.24           Beat
 Sep. 30 2023      0.90           0.94           Beat
 Jun. 30 2023      0.88           0.93           Beat
 Mar. 31 2023      0.93           0.84           Missed