DT Midstream Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
DT Midstream, Inc. (NYSE:DTM) is set to release its Q4 earnings on Feb. 16, 2024, with analysts forecasting a slight decrease in earnings per share from 93 cents to 92 cents year-over-year, and a revenue drop from $243 million to $234.45 million. The company announced the early mechanical completion of its Phase 2 LEAP expansion. Shares rose 1.3% to $52.43 recently. Analyst ratings vary, with Wolfe Research downgrading to Underperform, Raymond James maintaining Outperform, Goldman Sachs rating as Sell, Stifel initiating coverage with Buy, and Morgan Stanley maintaining Underweight.
February 16, 2024 | 7:27 am
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NEUTRAL IMPACT
DT Midstream is anticipated to report a minor decrease in Q4 earnings and revenue. The company completed Phase 2 LEAP expansion, and shares recently rose 1.3%. Analyst ratings show a mixed outlook.
The slight decrease in expected earnings and revenue suggests a neutral short-term impact on DTM's stock price. However, the completion of the Phase 2 LEAP expansion and the recent share price increase indicate some positive momentum. Mixed analyst ratings add uncertainty, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100