DTE Energy shares are trading lower after the company reported worse-than-expected Q3 EPS results and lowered FY23 operating EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
DTE Energy reported lower than expected Q3 EPS results and has lowered its FY23 operating EPS guidance below estimates. This has led to a decrease in the company's share price.
November 01, 2023 | 12:46 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
DTE Energy's lower than expected Q3 EPS and reduced FY23 operating EPS guidance could negatively impact the company's stock price in the short term.
DTE Energy's Q3 earnings per share (EPS) fell short of market expectations, which is typically a negative signal to investors and can lead to a decrease in the stock price. Additionally, the company has lowered its FY23 operating EPS guidance, which suggests that the company expects lower profitability in the future. This could further discourage investors, leading to a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100