DTE Energy Earnings: Here’s Why Investors Like These Results

DTE Energy Co. (NYSE:DTE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.27%.

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DTE Energy Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 47.25% to $1.34 in the quarter versus EPS of $0.91 in the year-earlier quarter.

Revenue: Rose 11.87% to $2.52 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: DTE Energy Co. reported adjusted EPS income of $1.34 per share. By that measure, the company beat the mean analyst estimate of $1.01. It beat the average revenue estimate of $2.31 billion.

Quoting Management: “Our financial results are up strongly versus last year principally due to weather,” said Gerard M. Anderson, DTE Energy’s chairman, president and CEO. “The winter weather last year was like the house guest who never arrived; this year it was like the house guest who refused to leave. But many things beyond our financial results showed great progress in the first quarter as well, which I found especially gratifying.”

Key Stats (on next page)…

Revenue increased 8.87% from $2.31 billion in the previous quarter. EPS increased 57.65% from $0.85 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.73 to a profit $0.82. For the current year, the average estimate is a profit of $4.03, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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