DTE Energy DTE reported its Q3 earnings results on Thursday, October 27, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
DTE Energy missed estimated earnings by 7.51%, reporting an EPS of $1.6 versus an estimate of $1.73.
Revenue was up $1.54 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.18 which was followed by a 0.84% increase in the share price the next day.
Here's a look at DTE Energy's past performance:
Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
---|---|---|---|---|
EPS Estimate | 1.06 | 2.07 | 0.84 | 1.82 |
EPS Actual | 0.88 | 2.31 | 1.05 | 1.72 |
Revenue Estimate | 2.96B | 3.60B | 3.20B | 3.31B |
Revenue Actual | 4.92B | 4.58B | 4.65B | 3.71B |
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).
Guidance
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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