| CMS Energy (CMS) Beats on Q3 Earnings and Revenues | |
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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 third quarter Zacks Consensus Estimate for earnings of 49 cents per share has decreased by 1 cent over the last 7 days.
Currently, CMS Energy has a Zacks Rank #2 (Buy), but that could definitely change following CMS Energy’s earnings report which was just released.
Coming to the surprise, the company has reported positive earnings surprises in one of the last four quarters with an average negative earnings surprise of 6.54%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: CMS Energy’s third-quarter 2015 earnings surpassed the Zacks Consensus Estimate. Our consensus called for earnings of 49 cents per share, and the company reported earnings of 53 cents.
Revenue: The company’s revenues of $1,486 million for the third quarter also surpassed the consensus estimate of $1,458 million.
Key Stats to Note: CMS Energy raised the low end of its 2015 adjusted earnings per share guidance from the range of $1.86 to $1.89 per share to $1.87-$1.89.
Check back later for our full write up on this CMS Energy earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CMS ENERGY (CMS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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CMS Energy Corporation
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CODE : CMS |
ISIN : US1258961002 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
CMS Energy is a producing company based in United states of america. CMS Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 16.8 billions as of today (€ 15.7 billions). Its stock quote reached its lowest recent point on April 18, 2014 at US$ 0.12, and its highest recent level on April 26, 2024 at US$ 59.34. CMS Energy has 282 420 406 shares outstanding. |