Exploring DT Midstream's Earnings Expectations

DT Midstream (NYSE:DTM) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect DT Midstream to report an earnings per share (EPS) of $0.92.

DT Midstream 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).

Past Earnings Performance

During the last quarter, the company reported an EPS beat by $0.05, leading to a 0.95% increase in the share price on the subsequent day.

Here's a look at DT Midstream's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.93

0.95

0.92

0.90

EPS Actual

0.98

0.99

1.24

0.94

Price Change %

1.0%

-1.0%

4.0%

4.0%

Analyst Views on DT Midstream

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on DT Midstream.

Analysts have given DT Midstream a total of 7 ratings, with the consensus rating being Neutral. The average one-year price target is $82.71, indicating a potential 5.36% downside.

Comparing Ratings with Peers

The below comparison of the analyst ratings and average 1-year price targets of Antero Midstream, EnLink Midstream and Plains All American, three ...