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DTE Energy (DTE) Misses Q3 Earnings, Revenue Increase Y/Y

Detroit, MI-based DTE Energy CompanyDTE is a holding company with subsidiaries engaged in regulated and unregulated energy businesses. The company's largest regulated subsidiaries comprise DTE Electric Company and DTE Gas Company, and both of their subsidiaries.

DTE Energy follows a disciplined capital spending program to maintain and upgrade the reliability of its electric utility systems. The gradual recovery in Michigan's economy, decline in unemployment rates and increasing housing permits bode well for the company going forward.

Estimate Trend & Surprise History

Coming to the earnings surprise, DTE Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 11.45%.

Zacks Rank: Currently, DTE Energy has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

We have highlighted some of the key details from the just-released announcement below:

Earnings: DTE Energy's adjusted earnings per share came in at $1.48, which missed the Zacks Consensus Estimate of $1.53.

The company's third quarter reported earnings came in at $1.51 per share.

Revenue: The company reported revenues of $3.25 billion in third quarter, up from $2.93 billion.

DTE Energy Company Price and EPS Surprise

DTE Energy Company Price and EPS Surprise | DTE Energy Company Quote

Key Stats: The company raised its 2017 operating earnings per share guidance in the range of $5.38-$5.69 from the prior guidance of $5.26-$5.57.

Check back later for our full write up on this DTE Energy Company earnings report later!

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DTE Energy Company (DTE): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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