DT Midstream Q1 Adj $0.99 Beats $0.95 Estimate
Portfolio Pulse from Benzinga Newsdesk
DT Midstream (NYSE:DTM) reported Q1 adjusted earnings of $0.99 per share, surpassing the analyst consensus estimate of $0.95 by 4.21%. This represents a 17.86% increase from the $0.84 per share reported in the same period last year.
April 30, 2024 | 11:32 am
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DT Midstream reported a positive earnings surprise for Q1, with earnings of $0.99 per share exceeding estimates by 4.21% and showing a 17.86% year-over-year growth.
Beating earnings estimates typically leads to positive investor sentiment and can cause a short-term increase in stock price. The significant year-over-year growth further strengthens the case for a positive outlook on DTM's stock.
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IMPORTANCE 90
RELEVANCE 100