DTE Energy Company reports results for the quarter ended September 30 - Earnings Summary

• DTE Energy Company DTE.N reported quarterly adjusted earnings of $2.30​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.25. The mean expectation of thirteen analysts for the quarter was for earnings of $2.15 per share. Wall Street expected results to range from $2.04 to $2.35 per share.

• Revenue rose 5.7% to $3.73 billion from a year ago; analysts expected $3.53 billion.

• DTE Energy Company's reported EPS for the quarter was $2.25​.

• The company reported quarterly net income of $470 million.

• DTE Energy Company shares had risen by 12.9% this quarter and gained 6.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.3% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 8 "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 Company is $143.00, about 3.8% above its last closing price of $137.53

This summary was machine generated from LSEG data November 5 at 09:10 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)