DTE Energy Co reports results for the quarter ended June 30 - Earnings Summary

• DTE Energy Co DTE.N reported quarterly adjusted earnings of $1.36​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.43. The mean expectation of fourteen analysts for the quarter was for earnings of $1.40 per share. Wall Street expected results to range from $1.32 to $1.54 per share.

• Revenue rose 18.9% to $3.42 billion from a year ago; analysts expected $2.78 billion.

• DTE Energy Co's reported EPS for the quarter was $1.10​.

• The company reported quarterly net income of $229 million.

• DTE Energy Co shares had risen by 3.5% this quarter and gained 13.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.6% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"

• Wall Street's median 12-month price target for DTE Energy Co is $146.50, about 6.4% above its last closing price of $137.10

This summary was machine generated from LSEG data July 30 at 05:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)