DTE Earnings Prediction
The chart below shows how DTE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DTE sees a -2.68% change in stock price 10 days leading up to the earnings, and a +0.26% change 10 days following the report. On the earnings day itself, the stock moves by +0.36%. This data can give you a slight idea of what to expect for the next quarter's release.
DTE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.91B
0.62%
1.08%
Gross Margin
40.71%
-0.78%
0.20%
Operating Margin
17.79%
-2.31%
1.89%
Net Margin
16.41%
42.70%
46.52%
EPS
2.29
42.24%
46.79%
No Data Available
DTE Earnings Analysis
DTE Energy Company Corporation (DTE.N) Earnings Conference Call
Positive
Operating Earnings Performance: 1. Strong Operating Earnings: DTE Energy reported operating earnings of $460 million for Q3 2024, translating to $2.22 per share, reflecting a solid financial performance compared to the previous year.
Electric Earnings Surge: 2. Significant Electric Earnings Growth: DTE Electric earnings increased by $169 million year-over-year to $437 million in Q3 2024, driven by base rate implementation and favorable weather conditions.
Storm Restoration Achievement: 3. Record Storm Restoration: Following an extreme weather event, DTE restored nearly 65% of customers within 24 hours, marking the highest one-day restoration in company history for such a storm.
Solar Park Development: 4. Renewable Energy Expansion: DTE broke ground on three new solar parks, adding 800 megawatts to its renewable portfolio, enough to power over 220,000 homes, supporting its MIGreenPower program.
Employee Engagement Excellence: 5. High Employee Engagement: DTE's employee engagement ranks in the 94th percentile globally, contributing to its operational success and recognition as a Best Place to Work for disability inclusion.
Negative
Operating Earnings Decline: 1. DTE Gas Operating Earnings Decline: DTE Gas reported operating earnings of $8 million lower than the previous year, primarily due to higher rate base costs and a return to a more normalized O&M level.
Earnings Decline Analysis: 2. DTE Vantage Earnings Decrease: DTE Vantage experienced a $23 million decrease in operating earnings compared to the previous year, attributed to timing and one-time items, particularly in RNG and steel-related businesses.
Rate Base Cost Impact: 3. Increased Rate Base Costs: The company faced higher rate base costs across its segments, which negatively impacted earnings, particularly in DTE Gas, where these costs contributed to the unfavorable operating earnings.
Regulatory Pressure Impact: 4. Pressure from Regulatory Proceedings: The ongoing regulatory proceedings for both DTE Gas and DTE Electric are expected to put pressure on the company's near-term ability to complete customer-focused investments, potentially affecting future earnings.
Rate Case Uncertainty: 5. Uncertainty in Rate Case Outcomes: The company anticipates that the high number of intervenors in the electric rate case reduces the probability of a settlement, which could lead to delays and uncertainties in capital investment plans.
DTE FAQs
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DTE Earning Call Sentiment
DTE Energy Company (DTE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
DTE.N
0.62%Positive
The earnings call summary and Q&A indicate strong financial performance with increased operating earnings and a positive EPS outlook. The expansion in renewable energy and minimal equity issuance plans are favorable. The Q&A suggests management is confident in their strategy, with no immediate risks or uncertainties highlighted. Despite some areas of concern, such as DTE Gas operating earnings, the overall sentiment remains positive, supported by optimistic guidance and a solid growth plan. The lack of market cap data limits the prediction's precision, but the overall outlook suggests a positive stock price movement.
