DTE Energy Company (NYSE:DTE) is set to announce second quarter earning results on Tuesday 28th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, DTE to report 2Q20 income of $ 1.28 per share.
For the full year, analysts anticipate top line of $ 12809.00 million, while looking forward to income of $ 6.60 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 reported income for the first quarter of $ 1.76 per share, from the revenue of $ 3,022.00 million. The quarterly earnings dropped 14.15 percent while revenues decreased 20.50 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.93 per share from $ 3500.15 million in revenue. The bottom line results missed street analysts by $ 0.17 or 8.81 percent, at the same time, top line results fell short of analysts by $ 478.15 million or 13.66 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of DTE Energy Company
Stock Performance
According to the previous trading day, closing price of DTE was $ 114.01, representing a 60.10 % increase from the 52 week low of $ 71.21 and a 15.97 % decrease over the 52 week high of $ 135.67.
The company has a market capital of $ 22.07 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
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Recent Analyst recommendations
- On 9th July 2020, initiated by BMO Capital Markets at Outperform rating, with $ 116.00 target price.
- On 17th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 122.00 target price.
- On 5th June 2020, upgraded by Bank of America to Buy from Neutral rating.
Recent Stock Dividend Announcement
On May 7, 2020, the board of directors authorized quarterly dividend of $ 1.0125 per share to holders of record as of the close of business on June 15, 2020, with payment date of July 15, 2020 and ex-dividend date on June 12, 2020.
Conference Call
DTE Energy Company will be hosting a conference call at 9:00 AM eastern time on 28th July 2020, to discuss its 2Q20 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.
