DTE Energy Company Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component DTE Energy Company (NYSE:DTE) will unveil its latest earnings on Thursday, February 16, 2012. DTE Energy provides electricity and natural gas sales, distribution, and storage services throughout southeastern Michigan.

DTE Energy Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 81 cents per share, a decline of 8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 82 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 81 cents during the last month. Analysts are projecting profit to rise by 0.8% compared to last year’s $3.63.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of $1.07 per share, and the previous quarter, it had net income of 65 cents.

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Wall St. Revenue Expectations: Analysts predict a decline of 6.9% in revenue from the year-earlier quarter to $2.02 billion.

Analyst Ratings: Analysts seem relatively indifferent about DTE Energy Company with eight of 10 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 12.3% to $183 million ($1.07 a share) from $163 million (96 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 5.9% to $2.27 billion from $2.14 billion.

Key Stats:

The company’s revenue has risen for two straight quarters. In the second quarter, the figure rose 13.2%.

Stock Price Performance: Between November 14, 2011 and February 10, 2012, the stock price rose $2.89 (5.7%), from $51.06 to $53.95. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011, when shares rose for seven straight days, increasing 4.3% (+$2.06) over that span. It saw one of its worst periods between May 31, 2011 and June 10, 2011 when shares fell for nine straight days, dropping 4.4% (-$2.20) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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