DTE Energy Company Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component DTE Energy Company (NYSE:DTE) will unveil its latest earnings on Friday, November 4, 2011. 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 estimate of analysts is for net income of 98 cents per share, a rise of 2.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 99 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 0% versus last year to $3.60.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of 65 cents per share against a mean estimate of net income of 51 cents per share. In the first quarter, it missed forecasts by 10 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.13 billion in revenue this quarter, a decline of 0.5% from the year ago quarter. Analysts are forecasting total revenue of $8.67 billion for the year, a rise of 1.3% from last year’s revenue of $8.56 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 second quarter, profit rose more than twofold to $202 million ($1.19 a share) from $86 million (51 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 13.2% to $2.03 billion from $1.79 billion.

Key Stats: The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 37.4%. The quarter with the biggest boost was the most recent quarter, which saw a more than twofold surge. Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 0.9%.

Competitors to Watch: CMS Energy Corporation (NYSE:CMS), Wisconsin Energy Corp. (NYSE:WEC), Integrys Energy Group, Inc. (NYSE:TEG), The Empire District Electric Co. (NYSE:EDE), NiSource Inc. (NYSE:NI), Dominion Resources, Inc. (NYSE:D), Black Hills Corporation (NYSE:BKH), Avista Corporation (NYSE:AVA), Ameren Corporation (NYSE:AEE), and CH Energy Group, Inc. (NYSE:CHG).

Stock Price Performance: During August 8, 2011 to November 1, 2011, the stock price had risen $7.19 (16.5%) from $43.51 to $50.70. 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, rising 4.3% (+$2.09) 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, falling 4.4% (-$2.22) over that span. Shares are up $6.97 (+15.9%) year to date.

(Source: Xignite Financials)

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