DTE Energy (NYSE:DTE) reported its Q1 earnings results on Thursday, April 28, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
DTE Energy beat estimated earnings by 11.59%, reporting an EPS of $2.31 versus an estimate of $2.07.
Revenue was up $799.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.21 which was followed by a 0.24% increase in the share price the next day.
Here's a look at DTE Energy's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.84 | 1.82 | 1.26 | 2.12 |
| EPS Actual | 1.05 | 1.72 | 1.70 | 2.44 |
| Revenue Estimate | 3.20B | 3.31B | 2.84B | 3.21B |
| Revenue Actual | 4.65B | 3.71B | 3.23B | 3.78B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
DTE Energy management provided guidance for FY 2022, expecting earnings between $5.8 and $6.0 per share.
To track all earnings releases for DTE Energy visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
