DTE Energy (DTE) To Post Q4 Earnings: What's In The Cards?
Zacks Investment Research | Feb 14, 2018 09:28PM ET
DTE Energy Company (NYSE:DTE) is slated to report fourth-quarter 2017 results on Feb 16, before the opening bell.
Last quarter, the company posted a negative earnings surprise of 3.27%. However, DTE Energy surpassed the Zacks Consensus Estimate in two of the trailing four quarters, the average beat being 3.81%.
Let’s see how things are shaping up at the company prior to this announcement.
Factors at Play
During the third-quarter earnings call, DTE Energy’s management announced that it expects to witness higher revenues from the company’s subsidiary DTE Gas in the fourth quarter, primarily driven by higher gas main renewal revenues at base rates. We expect the yet-to-be-reported quarter’s results to reflect this.
However, the company’s service territories as a whole faced warmer-than-normal temperature in the fourth quarter, which in turn is expected to weigh down on revenues. In line with this, the Zacks Consensus Estimate for DTE Energy’s fourth-quarter revenues of $1.91 billion reflects a year-over-year decline of 33.7%.
On a brighter note, banking on its stronger year-to-date results as of Sep 30, 2017, DTE Energy raised its 2017 bottom-line guidance. Notably, improved performance at the company’s Gas Storage and Pipelines, Power and Industrial segments backed the guidance raise.
The consensus estimate for DTE Energy’s earnings of $1.20 per share for the fourth quarter reflects year-over-year growth of 48.2%.
Earnings Whispers
Our proven model does not conclusively show that DTE Energy will beat estimates this quarter. That is because a stock needs to have both a positive Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.