DTE Energy Gears Up to Report Q4 Earnings: What's in the Cards?

DTE Energy Company DTE is scheduled to release fourth-quarter 2024 results on Feb. 13, before market open.See the Zacks Earnings Calendar to stay ahead of market-making news.This utility company delivered an earnings surprise of 18.72% in the last reported quarter.DTE delivered a trailing four-quarter average earnings surprise of 8.89%. Let’s discuss the factors that are likely to affect the upcoming quarterly results.DTE Energy Company Price and EPS Surprise DTE Energy Company price-eps-surprise | DTE Energy Company QuoteFactors to ConsiderDTE’s service territories experienced warmer-than-normal temperature patterns for the majority of the fourth quarter. This is likely to have hampered electricity demand from its customers for heating purposes this winter, which is expected to have hurt its quarterly revenues.The Zacks Consensus Estimate for DTE’s fourth-quarter sales is pinned at $3.17 billion, which indicates a decline of 6.5% from the year-ago reported number.Unimpressive sales performance is likely to have hurt the company’s earnings growth. Moreover, some parts of its service areas witnessed snowfall during some days of November and December, which might have caused damage to some of DTE’s infrastructure. This must have raised its operating expenses to restore infrastructure. This, along with higher rate base costs, is likely to have adversely impacted the overall bottom-line performance.The consensus estimate for earnings is pegged at $1.50 per share, which implies a decline of 23.9% from the prior-year reported figure.What Our Model PredictsOur proven model does not conclusively predict an earnings beat for DTE Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as seen below.Earnings ESP: The company’s Earnings ESP is -6.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.Zacks Rank: The company currently carries a Zacks Rank of 3. You can see the complete list of Zacks Rank #1 stocks here.Stocks to ConsiderInvestors may consider the following players from the same industry, which have the right combination of elements to post an earnings beat this reporting cycle.CenterPoint Energy CNP is scheduled to report fourth-quarter results on Feb. 20, before market open. It has an Earnings ESP of +0.63% and a Zacks Rank of 2 at present. The Zacks Consensus Estimate for sales is pegged at $2.28 billion, which indicates a 4.6% improvement from the year-ago quarter’s figure. The consensus estimate for earnings is pinned at 40 cents per share, which indicates year-over-year growth of 25%.PG&E Corporation PCG is scheduled to report fourth-quarter results on Feb. 13, before market open. It has an Earnings ESP of +1.64% and a Zacks Rank of 2 at present.The Zacks Consensus Estimate for sales is pegged at $7.25 billion, which indicates a 2.9% improvement from the year-ago quarter’s figure. The consensus estimate for earnings is pinned at 31 cents per share.OGE Energy OGE is scheduled to report fourth-quarter results on Feb. 19, before market open. It has an Earnings ESP of +2.41% and a Zacks Rank of 2 at present.The Zacks Consensus Estimate for sales is pegged at $672.5 million, which indicates an 18.7% improvement from the year-ago quarter’s figure. The consensus estimate for earnings is pinned at 48 cents per share, which indicates year-over-year growth of 100%.  Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report OGE Energy Corporation (OGE): Free Stock Analysis Report CenterPoint Energy, Inc. (CNP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks