CMS Energy Corp reports results for the quarter ended in September 30 - Earnings Summary

CMS Energy

01/11/2024 03:34

* CMS Energy Corp  CMS.N  reported quarterly adjusted
earnings of
84 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 61 cents.  The mean expectation of fifteen analysts for the
quarter was for earnings of 78 cents per share. Wall Street
expected results to range from 75 cents to 82 cents per share.
    * Revenue rose 4.2% to $1.74 billion from a year ago;
analysts
expected $1.88 billion. 
    * CMS Energy Corp's reported EPS for the quarter was 84
cents​.
    * The company reported quarterly net income of $253 million.
    * CMS Energy Corp shares had fallen by 0.7% this quarter and
gained 20.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
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 "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
utilities
peer group is also "buy"

Wall Street's median 12-month price target for CMS Energy Corp
is 75.50 
This summary was machine generated from LSEG data November 1 at
03:33 a.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      0.78           0.84           Beat
 Jun. 30 2024      0.63           0.66           Beat
 Mar. 31 2024      0.94           0.97           Beat
 Dec. 31 2023      1.05           1.05           Met