* DTE Energy Co reported quarterly adjusted earnings of $1.67 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $1.33. The mean expectation of fifteen analysts for the quarter was for earnings of $1.71 per share. Wall Street expected results to range from $1.55 to $2.07 per share.
* Revenue fell 14.3% to $3.24 billion from a year ago; analysts expected $3.37 billion.
* DTE Energy Co's reported EPS for the quarter was $1.51.
* The company reported quarterly net income of $313 million.
* DTE Energy Co shares had fallen by 0.5% this quarter and gained 1.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 14.9% in the last three months.
* In the last 30 days, seven analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the electric utilities peer group is also "buy"
Wall Street's median 12-month price target for DTE Energy Co is $118.67 This summary was machine generated from LSEG data April 25 at 06:38 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.71 1.67 Missed
Dec. 31 2023 1.96 1.97 Beat
Sep. 30 2023 1.63 1.44 Missed
Jun. 30 2023 0.93 0.99 Beat
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