CMS Energy Corp expected to post earnings of 63 cents a share - Earnings Preview

CMS Energy

23/07/2024 17:08

* CMS Energy Corp  CMS.N   CMS  is expected to show a rise
in
quarterly revenue when it reports  results on July 25 for the
period ending June 30 2024
    * The Jackson Michigan-based  company is expected to report
a
12.7% increase in revenue to $1.752 billion from $1.56 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for CMS Energy Corp is for
earnings of 63 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for CMS Energy
Corp
is $65.00​, above​ its last closing price of $61.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.91        0.94       0.97      Beat    3.6
 Dec. 31 2024  1.05        1.05       1.05      Met     0.4
 Jan. 1 0001   0.58        0.61       0.61      Met     -0.2​
 Jan. 1 0001   0.70        0.70       0.75      Beat    7.7
 ​​Mar.        0.66        0.76       0.70      Missed  -8.3
 31 2023                                                
 Dec. 31 2022  0.45        0.39       0.60      Beat    53.9​
 Sep. 30 2022  0.54        0.55       0.56      Beat    2.4
 Jun. 30 2022  0.44        0.50       0.53      Beat    5.6
 This summary was machine generated July 23 at 16:08 GMT.  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)