e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
Investing.com - Scotiabank reduced its price target on DTE Energy (NYSE:DTE) to $146.00 from $147.00 on Friday, while maintaining a Sector Perform rating on the stock. Currently trading at a P/E ratio of 20.8, InvestingPro data indicates DTE is trading above its Fair Value, with the stock up 17.1% year-to-date.
DTE Energy reported third-quarter earnings per share of $2.25, exceeding both the consensus estimate of $2.11 and Scotiabank’s projection of $2.08.
The utility company secured its first major data center agreement, which will add 1.4 gigawatts of demand over the next 2-3 years, contributing to a 22% increase in capital expenditures. This development could support DTE’s impressive 55-year streak of consecutive dividend payments, currently yielding 3.2%.
Despite this positive development, Scotiabank noted that DTE’s initial 2026 EPS guidance range fell short of expectations, with even the high end missing analyst forecasts.
The bank lowered its 2026 and beyond earnings estimates by 1%-1.5% for DTE, citing management’s guidance for peer-average equity financing that removes what had been a differentiator for the company.
In other recent news, DTE Energy Company reported its Q3 2025 earnings, exceeding expectations with an earnings per share (EPS) of $2.25, compared to the anticipated $2.18. The company’s revenue forecast stood at $3.27 billion, aligning with market predictions. This strong financial performance was attributed to increased earnings from DTE Electric and strategic investments in renewable energy. These developments highlight DTE Energy’s continued focus on enhancing its energy portfolio and operational efficiency. The earnings beat represents a positive surprise of 3.21% for investors. This recent update underscores the company’s financial health and strategic direction.
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