DTE Energy Company (DTE - Free Report) is slated to report first-quarter 2018 results on Apr 25, before the opening bell.
Last quarter, the company delivered a positive earnings surprise of 2.44%. DTE Energy surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average beat of 5.32%.
Factors at Play
The company’s service territories mostly witnessed colder-than-normal winters in the first quarter. In particular, Michigan had its wettest cold season on record this year, which indicates higher electricity demand. This in turn is expected to boost DTE Energy’s revenues in the quarter under review.
On the bottom-line front, management expects the recent tax reform to be accretive to DTE Energy’s 2018 earnings by 10 cents. We believe part of this accretion to benefit the company’s first-quarter earnings and will duly get reflected in the form of higher quarterly earnings. In line with this, the consensus estimate for DTE Energy’s earnings of $1.89 per share for the yet-to-be-reported quarter reflects year-over-year growth of 5.6%.
However, higher interest expense is expected to weigh on the company’s first-quarter results.
Earnings Whispers
Our proven model does not show that DTE Energy will beat estimates this quarter. That 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. But that is not the case here, as you will see below.
Zacks ESP: DTE Energy has an Earnings ESP of +1.15%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: DTE Energy carries a Zacks Rank #4 (Sell). Note that we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) while going into an earnings announcement.
DTE Energy Company Price and EPS Surprise
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 >>
DTE Energy Company (DTE - Free Report) is slated to report first-quarter 2018 results on Apr 25, before the opening bell.
Last quarter, the company delivered a positive earnings surprise of 2.44%. DTE Energy surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average beat of 5.32%.
Factors at Play
The company’s service territories mostly witnessed colder-than-normal winters in the first quarter. In particular, Michigan had its wettest cold season on record this year, which indicates higher electricity demand. This in turn is expected to boost DTE Energy’s revenues in the quarter under review.
On the bottom-line front, management expects the recent tax reform to be accretive to DTE Energy’s 2018 earnings by 10 cents. We believe part of this accretion to benefit the company’s first-quarter earnings and will duly get reflected in the form of higher quarterly earnings. In line with this, the consensus estimate for DTE Energy’s earnings of $1.89 per share for the yet-to-be-reported quarter reflects year-over-year growth of 5.6%.
However, higher interest expense is expected to weigh on the company’s first-quarter results.
Earnings Whispers
Our proven model does not show that DTE Energy will beat estimates this quarter. That 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. But that is not the case here, as you will see below.
Zacks ESP: DTE Energy has an Earnings ESP of +1.15%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: DTE Energy carries a Zacks Rank #4 (Sell). Note that we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) while going into an earnings announcement.
DTE Energy Company Price and EPS Surprise
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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