Core Viewpoint - Analysts project that DTE Energy will report quarterly earnings of $2.10 per share, reflecting a year-over-year decline of 5.4%, while revenues are expected to increase by 3.9% to $3.02 billion [1] Earnings Projections - There has been a 2.2% upward revision in the consensus EPS estimate over the last 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Total Gas Operating Revenue is expected to reach $287.00 million, a year-over-year increase of 24.8% [5] - Operating Revenues from Non-Utility Operations in Energy Trading are projected at $870.83 million, reflecting a 3.7% increase from the previous year [5] - Operating Revenues from Non-Utility Operations in DTE Vantage are estimated at $188.57 million, indicating a slight decline of 0.8% year-over-year [6] - Utility Operations for Gas are expected to generate $304.38 million, a significant increase of 32.3% from the prior year [6] - Total Electric Operating Revenues are projected to be $1.74 billion, showing a year-over-year growth of 2.8% [6] - Operating Revenues from Utility Operations in Electric are estimated at $1.69 billion, reflecting a minor decline of 0.4% [7] - Non-Utility Operations are expected to generate $1.05 billion, indicating a year-over-year increase of 4.9% [7] - Total Operating Revenues from Utility Operations are projected to reach $2.04 billion, a 7.1% increase year-over-year [7] Sales and Deliveries - DTE Electric Deliveries are expected to reach 11,574, up from 11,449 in the previous year [8] - DTE Electric Sales from Interconnection sales are projected at 3,182 megawatt hours, compared to 2,734 megawatt hours in the same quarter last year [8] - Total DTE Electric Sales are estimated to be 14,763 megawatt hours, an increase from 14,183 megawatt hours year-over-year [9] Net Income - The estimated Net Income Attributable to Company Operating Earnings for DTE Electric is projected at $447.21 million, compared to $437.00 million from the previous year [9] Stock Performance - DTE Energy shares have decreased by 1.3% over the past month, contrasting with a 3.8% increase in the Zacks S&P 500 composite [10] - DTE Energy holds a Zacks Rank of 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [10]
Unveiling DTE Energy (DTE) Q3 Outlook: Wall Street Estimates for Key Metrics