DTE Energy Co reports results for the quarter ended December 31 - Earnings Summary

DTE Energy

14/02/2025 02:54

* DTE Energy Co  DTE.N  reported quarterly adjusted earnings
of
$1.51​​ per share for the quarter ended December 31, lower than
the same quarter last year, when the company reported EPS of
$1.97.  The mean expectation of fifteen analysts for the quarter
was for earnings of $1.43 per share. Wall Street expected
results to range from $1.33  to $1.52 per share.
    * Revenue rose 1.2% to $3.44 billion from a year ago;
analysts
expected $3.31 billion. 
    * DTE Energy Co's reported EPS for the quarter was $1.41​.
    * The company reported quarterly net income of $292 million.
    * DTE Energy Co shares had risen by 2.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for DTE Energy Co is
$138.00 
This summary was machine generated from LSEG data February 14 at
02:53 a.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 2024      1.43           1.51           Beat
 Sep. 30 2024      1.88           2.22           Beat
 Jun. 30 2024      1.22           1.43           Beat
 Mar. 31 2024      1.71           1.67           Missed