Detroit, MI-based DTE Energy Company (DTE Quick QuoteDTE - 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.

Surprise History

Coming to the earnings surprise, DTE Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 5.69%.

Zacks Rank: Currently, DTE Energy has a Zacks Rank #3 (Hold) but that could change following its third quarter 2018 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 adjusted earnings per share came in at $2.13, which surpassed the Zacks Consensus Estimate of $1.74 by 22.4%.

Key Stats: The company raised its 2018 operating earnings per share guidance from the range of $5.94-$6.32 to $6.12-$6.48.

Check back later for our full write up on this DTE Energy Company earnings report later!

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>