DTE Energy DTE announces its next round of earnings this Wednesday, February 5. Here's Benzinga's look at DTE Energy's Q4 earnings report.
Earnings and Revenue
Wall Street expects EPS of $1.30 and sales around $3.51 billion.
DTE Energy earnings in the same period a year ago was $1.05. Quarterly sales came in at $3.75 billion. The Wall Street estimate would represent a 23.81% increase in the company's earnings. Sales would be down 6.40% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
EPS Estimate | 1.980 | 1.240 | 1.940 | 0.93 |
EPS Actual | 1.910 | 0.990 | 2.050 | 1.05 |
Stock Performance
Over the last 52-week period, shares are up 13.99%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on DTE Energy stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
DTE Energy is scheduled to hold a conference call at 9:00 a.m. ET and it can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.dteenergy.com%2Fwebcast-and-presentations%2Fdefault.aspx&eventid=2152304&sessionid=1&key=26F47D06FFC7F4AB6E30596F04997361®Tag=&sourcepage=register
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