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

DT Midstream

01/05/2024 20:26

* DT Midstream Inc  DTM.N  reported quarterly adjusted
earnings of
99 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 84 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 95 cents per share. Wall Street
expected results to range from 89 cents to $1.00 per share.
    * Revenue rose 9.1% to $240.00 million from a year ago;
analysts
expected $242.47 million. 
    * DT Midstream Inc's reported EPS for the quarter was 99
cents​.
    * The company reported quarterly net income of $97 million.
    * DT Midstream Inc shares had risen by 1.8% this quarter and
gained 13.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.7%
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 3 "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 $66.00 
This summary was machine generated from LSEG data May 1 at 07:26
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
 Mar. 31 2024      0.95           0.99           Beat
 Dec. 31 2023      0.92           1.24           Beat
 Sep. 30 2023      0.90           0.94           Beat
 Jun. 30 2023      0.88           0.93           Beat