Stock Analysis
DTE Energy (NYSE:DTE) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$2.88b (up 7.1% from 2Q 2023).
- Net income: US$322.0m (up 61% from 2Q 2023).
- Profit margin: 11% (up from 7.5% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$1.56 (up from US$0.97 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
DTE Energy Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Integrated Utilities industry in the US.
Performance of the American Integrated Utilities industry.
The company's shares are up 1.8% from a week ago.
Risk Analysis
Be aware that DTE Energy is showing 3 warning signs in our investment analysis and 1 of those doesn't sit too well with us...
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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.
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About NYSE:DTE
Proven track record and fair value.
