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

DT Midstream

01/11/2023 15:47

* DT Midstream Inc  DTM.N  reported quarterly adjusted
earnings of
94 cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 90 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 90 cents per share. Wall Street
expected results to range from 84 cents to $1.00 per share.
    * Revenue fell 0.4% to $234.00 million from a year ago;
analysts
expected $227.28 million. 
    * DT Midstream Inc's reported EPS for the quarter was 94
cents​.
    * The company reported quarterly net income of $91 million.
    * DT Midstream Inc shares had risen by 2.0% this quarter and
lost 2.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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 6 "strong buy" or "buy," 3
"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 $58.00 
This summary was machine generated from LSEG data November 1 at
03:47 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.90           0.94           Beat
 Jun. 30 2023      0.88           0.93           Beat
 Mar. 31 2023      0.93           0.84           Missed
 Dec. 31 2022      1.00           0.93           Missed