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 third quarter Zacks Consensus Estimate for earnings of $1.54 per share has increased by 2 cents over the last 7 days.
Coming to the earnings surprise, DTE Energy has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 6.94%.
Zacks Rank: Currently, DTE Energy has a Zacks Rank #2 (Buy) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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 $1.96, beating the Zacks Consensus Estimate of $1.54.
The company’s reported earnings in the third quarter 2016 stood at $1.88 per share.
Revenue: The company reported revenues of $2,928 billion in third quarter, compared to our consensus estimate of $2,658 million.
Key Stats: The company raised its 2016 operating earnings per share guidance to $5.09 -$5.35 from $4.91 -$5.19.
Check back later for our full write up on this DTE Energy Company earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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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 third quarter Zacks Consensus Estimate for earnings of $1.54 per share has increased by 2 cents over the last 7 days.
Coming to the earnings surprise, DTE Energy has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 6.94%.
Zacks Rank: Currently, DTE Energy has a Zacks Rank #2 (Buy) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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 $1.96, beating the Zacks Consensus Estimate of $1.54.
The company’s reported earnings in the third quarter 2016 stood at $1.88 per share.
Revenue: The company reported revenues of $2,928 billion in third quarter, compared to our consensus estimate of $2,658 million.
Key Stats: The company raised its 2016 operating earnings per share guidance to $5.09 -$5.35 from $4.91 -$5.19.
Check back later for our full write up on this DTE Energy Company earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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