DTE Energy (DTE): Inside The Conduit Of A Major Breakout
Electric Power industry, DTE Energy (DTE), is soon expected to post earnings of $1.84 per share for the quarter ended September 2023. This estimate indicates a year-over-year change of +15%. Revenues for the quarter are expected to be $4 billion, down 23.8% from the year-ago quarter.
The consensus EPS estimate for DTE Energy has been revised 13.3% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -2.99%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that DTE Energy will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
The consensus EPS estimate for DTE Energy has been revised 13.3% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -2.99%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that DTE Energy will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
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