DTE Energy (NYSE:DTE) reported its Q4 earnings results on Thursday, February 10, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
DTE Energy beat estimated earnings by 25.0%, reporting an EPS of $1.05 versus an estimate of $0.84.
Revenue was up $1.36 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.1, which was followed by a 0.52% increase in the share price the next day.
Here's a look at DTE Energy's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.82 | 1.26 | 2.12 | 1.24 |
| EPS Actual | 1.72 | 1.70 | 2.44 | 1.39 |
| Revenue Estimate | 3.31B | 2.84B | 3.21B | 3.19B |
| Revenue Actual | 3.71B | 3.23B | 3.78B | 3.29B |
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 their next quarter, expecting earnings between $5.8 and $6.0 per share for the next quarter.
This represents a 461.9% in quarter-over-quarter growth for DTE Energy, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
