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DTE Energy (DTE) Q2 Earnings Miss 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.

Surprise History

Coming to the earnings surprise, DTE Energy has surpassed the Zacks Consensus Estimate in three of the trailing four quarters, resulting in a positive average surprise of 12.24%.

Zacks Rank: Currently, DTE Energy has a Zacks Rank #2 (Buy) but that could change following its second quarter 2019 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 99 cents, which missed the Zacks Consensus Estimate of $1.09.

Key Stats: The company raised its 2019 operating earnings per share guidance to the range of $6.02-$6.38.

DTE Energy Company Price and EPS Surprise

DTE Energy Company Price and EPS Surprise

DTE Energy Company price-eps-surprise | DTE Energy Company Quote

 

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

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