DTE Energy: Q2 Earnings Insights

DTE Energy DTE reported its Q2 earnings results on Thursday, July 28, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

DTE Energy missed estimated earnings by 16.98%, reporting an EPS of $0.88 versus an estimate of $1.06.

Revenue was up $1.70 billion from the same period last year.

Last quarter the company beat on EPS by $0.24 which was followed by a 3.31% drop in the share price the next day.

Here's a look at DTE Energy's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	2.07	0.84	1.82	1.26
EPS Actual	2.31	1.05	1.72	1.70
Revenue Estimate	3.60B	3.20B	3.31B	2.84B
Revenue Actual	4.58B	4.65B	3.71B	3.23B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

DTE Energy management provided guidance for FY 2022, expecting earnings between $5.9 and $6.1 per share.

To track all earnings releases for DTE Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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