Analysts are estimating that DTE Energy will report an earnings per share (EPS) of $1.76.
DTE Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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).
Overview of Past Earnings
The company's EPS beat by $0.21 in the last quarter, leading to a 0.0% drop in the share price on the following day.
Here's a look at DTE Energy's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
1.22
1.73
1.96
1.86
EPS Actual
1.43
1.67
1.97
1.44
Price Change %
0.0%
-1.0%
0.0%
2.0%
Performance of DTE Energy Shares
Shares of DTE Energy were trading at $128.23 as of October 22. Over the last 52-week period, shares are up 30.87%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Insights Shared by Analysts on DTE Energy
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on DTE Energy.
Analysts have provided DTE Energy with ...
