DTE Energy Company Just Missed EPS By 22%: Here's What Analysts Think Will Happen Next

As you might know, DTE Energy Company (NYSE:DTE) recently reported its quarterly numbers. Revenue came in at US$3.4b, beating expectations by a remarkable 25%, while statutory earnings per share (EPS) were US$1.10, missing estimates by an equally remarkable 22%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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After the latest results, the consensus from DTE Energy's 13 analysts is for revenues of US$13.8b in 2025, which would reflect a small 2.9% decline in revenue compared to the last year of performance. Statutory earnings per share are predicted to accumulate 2.6% to US$7.11. Before this earnings report, the analysts had been forecasting revenues of US$13.4b and earnings per share (EPS) of US$7.21 in 2025. So it looks like there's been no major change in sentiment following the latest results, although the analysts have made a slight bump in to revenue forecasts.

See our latest analysis for DTE Energy

Even though revenue forecasts increased, there was no change to the consensus price target of US$145, suggesting the analysts are focused on earnings as the driver of value creation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values DTE Energy at US$158 per share, while the most bearish prices it at US$125. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the DTE Energy's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 5.7% annualised decline to the end of 2025. That is a notable change from historical growth of 1.1% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 5.1% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - DTE Energy is expected to lag the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. The consensus price target held steady at US$145, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for DTE Energy going out to 2027, and you can see them free on our platform here.

It is also worth noting that we have found 2 warning signs for DTE Energy (1 is a bit unpleasant!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.