CMS Energy Corp expected to post earnings of 97 cents a share - Earnings Preview

CMS Energy

23/04/2024 14:42

* CMS Energy Corp  CMS.N   CMS  is expected to show a rise
in
quarterly revenue when it reports  results on April 25 for the
period ending March 31 2024
    * The Jackson Michigan-based  company is expected to report
a
2.6% increase in revenue to $2.344 billion from $2.28 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for CMS Energy Corp is for
earnings of 97 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months. ​
    * Wall Street's median 12-month price target for CMS Energy
Corp
is $64.00​, above​ its last closing price of $60.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.05        1.05       1.05      Met     0.4
 Sep. 30 2023  0.58        0.61       0.61      Met     -0.2
 Jun. 30 2023  0.70        0.70       0.75      Beat    7.7​
 Mar. 31 2023  0.66        0.76       0.70      Missed  -8.3
 ​​Dec.        0.45        0.39       0.60      Beat    53.9
 31 2022                                                
 Sep. 30 2022  0.54        0.55       0.56      Beat    2.4​
 Jun. 30 2022  0.44        0.50       0.53      Beat    5.6
 Mar. 31 2022  1.14        1.12       1.20      Beat    7.6
 This summary was machine generated April 23 at 13:42 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)