- Operating EPS Exceeds Expectations: DTE Energy’s operating EPS was $1.43, surpassing the estimated $1.23 and last year’s $0.99.
- Increased Overall EPS: The overall EPS rose to $1.55 from $0.97 y/y.
- DTE Electric Performance: Achieved earnings of $278 million, marking a 56% increase y/y, and beating the estimated $265.6 million.
- DTE Gas Earnings Drop: Earnings fell by 50% to $12 million, below the estimated $29.2 million.
- Strong DTE Vantage Results: Earned $33 million, showing a 27% increase y/y, surpassing the $20 million estimate.
- Energy Trading Profit Growth: Generated $39 million, a 26% increase y/y, significantly higher than the $8.81 million estimate.
- Year-End Forecast: DTE Energy maintains its operating EPS forecast of $6.54 to $6.83, aligning with the $6.68 estimate.
- Analyst Ratings: 11 analysts recommend buying, 7 suggest holding, with 0 sell recommendations.
DTE Energy Company on Smartkarma
Analysts on Smartkarma, like Baptista Research, are closely covering DTE Energy Company. In a recent report titled “DTE Energy Corporation: Initiation of Coverage – How Their Tight Financial Management & Funding Strategy Will Impact The Bottom-Line! – Major Drivers,” they highlighted the company’s strong start in the first quarter of 2024. DTE Energy posted operating earnings of $346 million, equivalent to $1.67 per share, showcasing its solid foundation and financial resilience despite challenges like milder winter weather affecting demand.
A look at DTE Energy Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma’s Smart Scores, DTE Energy Company is positioned for a promising long-term outlook. The company scored well in key areas such as dividend and momentum, with a solid score for value and growth as well. Despite a slightly lower resilience score, DTE Energy Company‘s overall performance indicates a positive trajectory ahead.
DTE Energy Company, a diversified energy firm with a focus on various energy-related businesses and services, stands out in the sector. With a strong foothold in generating, transmitting, and distributing electric energy in southeastern Michigan, the company is also actively engaged in gas pipelines, storage, and unconventional gas exploration. The combination of respectable Smart Scores and a diversified business model positions DTE Energy Company well for future growth and stability in the energy market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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