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.
What's in the Cards for DTE Energy's (DTE) Q1 Earnings?
Read MoreHide Full Article
DTE Energy Corporation (DTE - Free Report) is set to report first-quarter 2019 results on Apr 24, before the market opens. In the last reported quarter, the company delivered a negative earnings surprise of 1.09%.
In the trailing four quarters, the company came up with average positive earnings surprise of 11.23%.
Let's take a closer look at the factors influencing DTE Energy’s upcoming results.
Factors to Consider
DTE Energy’s service territories experienced below average and below-normal temperatures throughout the first quarter, subsequently witnessing cold winters with heavy snowfalls and snowstorms. This, in turn, is likely to result in higher household expenditure on heating, which may have a favorable impact on the company’s revenues in the to-be-reported quarter.
Furthermore, from the context of its non-utility businesses, DTE Energy completed the manufacturing of the Nexus Natural Gas Pipeline during the first quarter. Hence, updates on this development can be expected along with the first-quarter results.
Meanwhile, absence of tax benefits, courtesy of the U.S. Tax Cuts & Jobs Act, lowered DTE Energy’s earnings in the fourth quarter of 2018. In fact, the tax equity transactions for the company’s Reduced Emissions Fuel (REF) business is expected to further hit earnings growth. Considering these factors, the Zacks Consensus Estimate for the company’s first-quarter earnings pegged at $1.89 indicates a decline of 1.05% from the year-ago quarter’s reported figure.
Earnings Whispers
Our proven model does not conclusively show that DTE Energy is likely to beat on earnings this quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. This is not the case here, as you will see below.
Earnings ESP: DTE Energy has an Earnings ESP of -3.18%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Here are a few other players from the Utilities sector that have the right combination of elements to post an earnings beat this quarter.
Ameren Corp. (AEE - Free Report) has an Earnings ESP of +3.70% and a Zacks Rank #3. The company is scheduled to report first-quarter results on May 9.
American Electric Power Company, Inc. (AEP - Free Report) has an Earnings ESP of +2.11% and a Zacks Rank #3. The company is scheduled to release first-quarter results on Apr 25.
NextEra Energy, Inc. (NEE - Free Report) has an Earnings ESP of +2.64% and a Zacks Rank #3. The company is scheduled to release first-quarter results on Apr 23.
Is Your Investment Advisor Fumbling Your Financial Future?
See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”
Image: Bigstock
What's in the Cards for DTE Energy's (DTE) Q1 Earnings?
DTE Energy Corporation (DTE - Free Report) is set to report first-quarter 2019 results on Apr 24, before the market opens. In the last reported quarter, the company delivered a negative earnings surprise of 1.09%.
In the trailing four quarters, the company came up with average positive earnings surprise of 11.23%.
Let's take a closer look at the factors influencing DTE Energy’s upcoming results.
Factors to Consider
DTE Energy’s service territories experienced below average and below-normal temperatures throughout the first quarter, subsequently witnessing cold winters with heavy snowfalls and snowstorms. This, in turn, is likely to result in higher household expenditure on heating, which may have a favorable impact on the company’s revenues in the to-be-reported quarter.
Furthermore, from the context of its non-utility businesses, DTE Energy completed the manufacturing of the Nexus Natural Gas Pipeline during the first quarter. Hence, updates on this development can be expected along with the first-quarter results.
Meanwhile, absence of tax benefits, courtesy of the U.S. Tax Cuts & Jobs Act, lowered DTE Energy’s earnings in the fourth quarter of 2018. In fact, the tax equity transactions for the company’s Reduced Emissions Fuel (REF) business is expected to further hit earnings growth. Considering these factors, the Zacks Consensus Estimate for the company’s first-quarter earnings pegged at $1.89 indicates a decline of 1.05% from the year-ago quarter’s reported figure.
Earnings Whispers
Our proven model does not conclusively show that DTE Energy is likely to beat on earnings this quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. This is not the case here, as you will see below.
Earnings ESP: DTE Energy has an Earnings ESP of -3.18%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
DTE Energy Company Price and EPS Surprise
DTE Energy Company Price and EPS Surprise | DTE Energy Company Quote
Stocks to Consider
Here are a few other players from the Utilities sector that have the right combination of elements to post an earnings beat this quarter.
Ameren Corp. (AEE - Free Report) has an Earnings ESP of +3.70% and a Zacks Rank #3. The company is scheduled to report first-quarter results on May 9.
American Electric Power Company, Inc. (AEP - Free Report) has an Earnings ESP of +2.11% and a Zacks Rank #3. The company is scheduled to release first-quarter results on Apr 25.
NextEra Energy, Inc. (NEE - Free Report) has an Earnings ESP of +2.64% and a Zacks Rank #3. The company is scheduled to release first-quarter results on Apr 23.
Is Your Investment Advisor Fumbling Your Financial Future?
See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”
Click to get it free >>