DTE Energy Earnings: Everything You Must Know Now

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

DTE Energy Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 27.91% to $0.62 in the quarter versus EPS of $0.86 in the year-earlier quarter.

Revenue: Rose 9.88% to $2.23 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: DTE Energy Co. reported adjusted EPS income of $0.62 per share. By that measure, the company missed the mean analyst estimate of $0.77. It beat the average revenue estimate of $1.98 billion.

Quoting Management: “I am pleased with our year-to-date financial performance and we are on track to achieve our 2013 goals,” said Gerard M. Anderson, DTE Energy chairman, president and CEO. “I am also very proud of the ongoing dedication of our employees to our continuous improvement effort and the positive impact it has on customer service and rate affordability.”

Key Stats (on next page)…

Revenue decreased 11.57% from $2.52 billion in the previous quarter. EPS decreased 53.73% from $1.34 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.28 to a profit $1.21. For the current year, the average estimate has moved up from a profit of $4.03 to a profit of $4.07 over the last ninety days.

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