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 Q3 Earnings and Revenues Estimates
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 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%.
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>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DTE Energy (DTE) Beats on Q3 Earnings and Revenues Estimates
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%.
DTE ENERGY CO Price and EPS Surprise
DTE ENERGY CO Price and EPS Surprise | DTE ENERGY CO Quote
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>>