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CMS Energy (CMS) Meets Q4 Earnings, Tops Sales Estimate


CMS Energy Corp. CMS is the holding company of Consumers Energy Company (Consumers) and CMS Enterprises Company (Enterprises). This Jackson, MI based firm’s regulated electric power operations in Michigan generate a relatively stable and growing earnings stream.

The company is currently focused on several issues – capacity maximization, reliability improvement, clean power generation and infrastructure upgrade. It also continues to focus on its Smart Energy program, which will likely boost profits for the company going forward.

However, the possibility of lower gas and electric consumption and stringent environmental regulations are our major concern.

Estimates Revision & Earnings Surprise Trend

Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 51 cents per share remained unchanged over the last 7 days.

Currently, CMS Energy has a Zacks Rank #4 (Sell), but that could definitely change following CMS Energy’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Coming to the surprise, the company has reported positive earnings surprises in two of the last four quarters with an average positive earnings surprise of 0.61%.

CMS Energy Corporation Price and EPS Surprise

CMS Energy Corporation Price and EPS Surprise | CMS Energy Corporation Quote

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: CMS Energy’s fourth-quarter 2017 adjusted earnings were 51 cents, which came in line with the Zacks Consensus Estimate.

Revenue: The company reported revenues of $1,778 million for the fourth quarter which surpassed the Zacks Consensus Estimate of $1,676 million.

Key Stats to Note: CMS Energy has raised its guidance for 2018 adjusted earnings to $2.30 – $2.34 per share, from the earlier band of $2.29-$2.33.

Stock Price: In the pre-market trading session, CMS Energy’s fourth quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.

Check back later for our full write up on this CMS Energy earnings report later!

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