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

DT Midstream

01/08/2023 17:36

* DT Midstream Inc  DTM.N  reported quarterly adjusted
earnings of
93 cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of 88 cents per share.
    * Revenue fell 1.3% to $224.00 million from a year ago;
analysts
expected $242.50 million. 
    * DT Midstream Inc's reported EPS for the quarter was 93
cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * DT Midstream Inc shares had risen by 8.0% this quarter and
lost 3.1% so far this year.
    * The company reported quarterly net income of $91 million.
    * Wall Street's median 12-month price target for DT
Midstream Inc
is $57.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 04:36 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.88           0.93           Beat
 Mar. 31 2023      0.93           0.84           Missed
 Dec. 31 2022      1.00           0.93           Missed
 Sep. 30 2022      0.87           0.90           Beat