DT Midstream Inc reports results for the quarter ended in January 1 - Earnings Summary
DT Midstream Inc DTM.N reported quarterly adjusted earnings of 90 cents per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of 94 cents. The mean expectation of eight analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 84 cents to 97 cents per share.
Revenue rose 6% to $248.00 million from a year ago; analysts expected $240.50 million.
DT Midstream Inc's reported EPS for the quarter was 90 cents.
The company reported quarterly net income of $88 million.
DT Midstream Inc shares had risen by 11.1% this quarter and gained 59.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.6% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell."
The average consensus recommendation for the oil & gas transportation services peer group is also "hold"
Wall Street's median 12-month price target for DT Midstream Inc is $85.00
This summary was machine generated from LSEG data October 29 at 05:37 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 0.93 | 0.90 | Missed |
Jun. 30 2024 | 0.92 | 0.98 | Beat |
Mar. 31 2024 | 0.95 | 0.99 | Beat |
Dec. 31 2023 | 0.92 | 1.24 | Beat |
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