Gear Up for DTE Energy (DTE) Q2 Earnings: Wall Street Estimates for Key Metrics

Core Viewpoint - DTE Energy is expected to report quarterly earnings of $1.51 per share, reflecting a year-over-year increase of 5.6%, with revenues projected at $3.02 billion, a 5% increase compared to the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 4.3%, indicating analysts' reassessment of their initial forecasts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Total Gas Operating Revenue' at $341.40 million, representing an 18.1% increase year-over-year [5]. - 'Operating Revenues- Non-Utility Operations- DTE Vantage' is expected to reach $191.19 million, indicating a 5.6% year-over-year change [5]. - 'Operating Revenues- Utility Operations- Gas' is projected at $356.51 million, reflecting a 23.4% increase year-over-year [6]. - 'Operating Revenues- Non-Utility Operations- Energy Trading' is expected to be $883.75 million, with a 5.6% year-over-year change [6]. - 'Total Electric Operating Revenues' is estimated at $1.62 billion, showing a 0.4% increase from the prior year [6]. - 'Operating Revenues- Utility Operations- Electric' is projected at $1.59 billion, indicating a 1.4% decrease year-over-year [7]. - 'Operating Revenues- Non-Utility Operations- Electric' is expected to be $4.22 million, reflecting a 15.7% decrease from the previous year [7]. - 'Operating Revenues- Non-utility operations' is estimated at $1.07 billion, indicating a 7.4% year-over-year increase [8]. - 'Operating Revenues- Utility operations' is projected at $1.97 billion, reflecting a 5% year-over-year increase [8]. Sales Estimates - 'DTE Electric Deliveries - Retail and wholesale' is estimated at 10,035, compared to 9,937 in the previous year [8]. - 'DTE Electric Sales - Interconnection sales' is expected to reach 2,536 megawatt hours, up from 2,166 megawatt hours year-over-year [9]. - Total DTE Electric Sales are projected at 12,571 megawatt hours, compared to 12,103 megawatt hours in the same quarter of the previous year [9]. Stock Performance - DTE Energy shares have returned +5.9% over the past month, outperforming the Zacks S&P 500 composite's +4.9% change [10].