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DTE Energy (DTE) Misses on Q4 Earnings & Sales Estimates

Zacks Equity Research

Detroit, MI-based DTE Energy Company DTE 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 fourth quarter Zacks Consensus Estimate for earnings of 84 cents per share has increased by 2 cents over the last 30 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 10.07%.

Zacks Rank: Currently, DTE Energy has a Zacks Rank #3 (Hold) but that could change following its fourth quarter and full year 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 adjusted earnings per share came in at 81 cents, which missed the Zacks Consensus Estimate of 84 cents.

The company‘s fourth quarter reported earnings came in at 73 cents per share.

DTE Energy Company Price and EPS Surprise

DTE Energy Company Price and EPS Surprise | DTE Energy Company Quote

Revenue: The company reported revenues of $2.87 billion in fourth quarter, compared to our consensus estimate of $3.28 billion.

Key Stats: The company reaffirmed its 2017 operating earnings per share guidance in the range of $5.15 -$5.46, in line with the outlook it provided in last November.

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

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DTE Energy Company (DTE): Free Stock Analysis Report
 
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