DT Midstream Inc reports results for the quarter ended in January 1 - Earnings Summary

DT Midstream

29/10/2024 17:37

* DT Midstream Inc  DTM.N  reported quarterly adjusted
earnings of
90 cents​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported EPS of 94
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 93 cents per share. Wall Street expected
results to range from 84 cents to 97 cents per share.
    * Revenue rose 6% to $248.00 million from a year ago;
analysts
expected $240.50 million. 
    * DT Midstream Inc's reported EPS for the quarter was 90
cents​.
    * The company reported quarterly net income of $88 million.
    * DT Midstream Inc shares had risen by 11.1% this
quarter and
gained 59.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and 2 "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 $85.00 
This summary was machine generated from LSEG data October 29 at
05:37 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
 Sep. 30 2024      0.93           0.90           Missed
 Jun. 30 2024      0.92           0.98           Beat
 Mar. 31 2024      0.95           0.99           Beat
 Dec. 31 2023      0.92           1.24           Beat