Electric Power industry, DTE Energy (DTE), is soon expected to post earnings of $1.84 per share for the quarter ended September 2023. This estimate indicates a year-over-year change of +15%. Revenues for the quarter are expected to be $4 billion, down 23.8% from the year-ago quarter.
The consensus EPS estimate for DTE Energy has been revised 13.3% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -2.99%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that DTE Energy will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.