DTE Energy Company (NYSE:DTE) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, DTE to report 3Q20 income of $ 1.94 per share.
For the full year, analysts anticipate top line of $ 12643.30 million, while looking forward to income of $ 6.67 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.47 ~ $ 6.75 per share
Click Here For More Historical Outlooks Of DTE Energy Company
Previous Quarter Performance
DTE Energy Company outlined income for the second quarter of $ 1.53 per share, from the revenue of $ 2,583.00 million. The quarterly earnings boosted 54.55 percent while revenues decreased 10.56 percent compared with the same quarter last year.
According to street consensus, DTE was expected to report 2Q20 income of $ 1.28 per share from revenue of $ 2925.21 million. The bottom line results beat street analysts by $ 0.25 or 19.53 percent, at the same time, top line results fell short of analysts by $ 342.21 million or 11.7 percent.
Stock Performance
Shares of DTE Energy Company traded up $ 2.12 or 1.72 percent on Friday, reaching $ 125.15 with volume of 936.00 thousand shares. DTE Energy Company has traded high as $ 125.61 and has cracked $ 123.75 on the downward trend
According to the previous trading day, closing price of $ 125.15, representing a 72.77 % increase from the 52 week low of $ 71.21 and a 9.32 % decrease over the 52 week high of $ 135.67.
The company has a market capital of $ 24.11 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 126.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 127.00 target price.
Conference Call
DTE Energy Company will be hosting a conference call at 9:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website newlook.dteenergy.com
DTE Energy Company engages in the utility operations. The companys Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
