CMS Energy Corp expected to post earnings of 78 cents a share - Earnings Preview

CMS Energy

29/10/2024 13:52

* CMS Energy Corp  CMS.N   CMS  is expected to show a rise
in
quarterly revenue when it reports  results on October 31 for the
period ending September 30 2024
    * The Jackson Michigan-based  company is expected to report
a
12.4% increase in revenue to $1.88 billion from $1.67 billion a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for CMS Energy Corp is for
earnings of 78 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for CMS Energy
Corp
is $75.50​, above​ its last closing price of $71.16. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.62        0.63       0.66      Beat    5.5
 Mar. 31 0001  0.91        0.94       0.97      Beat    3.6
 Dec. 31 2023  1.05        1.05       1.05      Met     0.4​
 Sep. 30 2023  0.58        0.61       0.61      Met     -0.2
 ​​Jan.        0.70        0.70       0.75      Beat    7.7
 1 0001                                                 
 Mar. 31 2023  0.66        0.76       0.70      Missed  -8.3​
 Jan. 1 0001   0.45        0.39       0.60      Beat    53.9
 Sep. 30 2022  0.54        0.55       0.56      Beat    2.4
 This summary was machine generated October 29 at 13:52 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)