DTE Energy (DTE) Beats on Q4 Earnings Estimate, Ups ’18 View

Detroit, MI-based DTE Energy Company DTE is a holding company with subsidiaries engaged in regulated and unregulated energy businesses. The company’s largest regulated subsidiaries comprise DTE Electric Company and DTE Gas Company, and both of their subsidiaries.

DTE Energy follows a disciplined capital spending program to maintain and upgrade the reliability of its electric utility systems. The gradual recovery in Michigan’s economy, decline in unemployment rates and increasing housing permits bode well for the company going forward.

Estimate Trend & Surprise History

Coming to the earnings surprise, DTE Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 3.81%.

Zacks Rank: Currently, DTE Energy has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key details from the just-released announcement below:

Earnings: DTE Energy’s adjusted earnings per share came in at $1.26, which surpassed the Zacks Consensus Estimate of $1.20.

Key Stats: The company raised its 2018 operating earnings per share guidance to the range of $5.57-$5.99 from the prior guidance of $5.48-$5.88.

Check back later for our full write up on this DTE Energy Company earnings report later!

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