DTE Energy Co reports results for the quarter ended in June - Earnings Summary

DTE Energy

26/07/2024 08:21

* DTE Energy Co  DTE.N  reported quarterly adjusted earnings
of
$1.43​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 99
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of $1.22 per share. Wall Street
expected results to range from $1.12  to $1.41 per share.
    * Revenue rose 7.1% to $2.88 billion from a year ago;
analysts
expected $2.62 billion. 
    * DTE Energy Co's reported EPS for the quarter was $1.55​.
    * The company reported quarterly net income of $322 million.
    * DTE Energy Co shares had risen by 6.5% this quarter and
gained 7.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 8
"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
$122.73 
This summary was machine generated from LSEG data July 26 at
07:21 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
 Jun. 30 2024      1.22           1.43           Beat
 Mar. 31 2024      1.71           1.67           Missed
 Dec. 31 2023      1.96           1.97           Beat
 Sep. 30 2023      1.63           1.44           Missed