We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DTE Energy (DTE) Beats on Q2 Earnings, Revenues Lag
Read MoreHide Full Article
Detroit, MI-based DTE Energy Company (DTE - Free Report) is a holding company with subsidiaries engaged in regulated and unregulated energy businesses. The company’s largest regulated subsidiaries comprise DTE Electric Company and DTE Gas Company, and both of their subsidiaries.
DTE Energy follows a disciplined capital spending program to maintain and upgrade the reliability of its electric utility systems. The gradual recovery in Michigan’s economy, decline in unemployment rates and increasing housing permits bode well for the company going forward.
Estimate Trend & Surprise History
Investors should note that the second quarter Zacks Consensus Estimate for earnings of 90 cents per share has increased by 5 cents over the last 7 days.
Coming to the earnings surprise, DTE Energy has surpassed the Zacks Consensus Estimate in three out of last four quarters, resulting in a positive average surprise of 2.34%.
Zacks Rank: Currently, DTE Energy has a Zacks Rank #2 (Buy) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: DTE Energy’s operating earnings per share came in at 98 cents, beating the Zacks Consensus Estimate of 90 cents.
The company’s reported earnings in the second quarter 2016 stood at 84 cents per share.
Revenue: The company reported revenues of $2,262 billion in second quarter, compared to our consensus estimate of $2,288 million.
Key Stats: The company raised its 2016 operating earnings per share guidance to $4.91 -$5.19 from $4.80 -$5.05.
Check back later for our full write up on this DTE Energy Company earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DTE Energy (DTE) Beats on Q2 Earnings, Revenues Lag
Detroit, MI-based DTE Energy Company (DTE - Free Report) is a holding company with subsidiaries engaged in regulated and unregulated energy businesses. The company’s largest regulated subsidiaries comprise DTE Electric Company and DTE Gas Company, and both of their subsidiaries.
DTE Energy follows a disciplined capital spending program to maintain and upgrade the reliability of its electric utility systems. The gradual recovery in Michigan’s economy, decline in unemployment rates and increasing housing permits bode well for the company going forward.
Estimate Trend & Surprise History
Investors should note that the second quarter Zacks Consensus Estimate for earnings of 90 cents per share has increased by 5 cents over the last 7 days.
Coming to the earnings surprise, DTE Energy has surpassed the Zacks Consensus Estimate in three out of last four quarters, resulting in a positive average surprise of 2.34%.
Zacks Rank: Currently, DTE Energy has a Zacks Rank #2 (Buy) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: DTE Energy’s operating earnings per share came in at 98 cents, beating the Zacks Consensus Estimate of 90 cents.
The company’s reported earnings in the second quarter 2016 stood at 84 cents per share.
Revenue: The company reported revenues of $2,262 billion in second quarter, compared to our consensus estimate of $2,288 million.
Key Stats: The company raised its 2016 operating earnings per share guidance to $4.91 -$5.19 from $4.80 -$5.05.
Check back later for our full write up on this DTE Energy Company earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>