| CMS Energy Beats Q3 Earnings Estimates; Revenues Up | |
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Jackson, MI-based CMS Energy Corporation CMS reported third-quarter 2015 adjusted earnings per share of 53 cents, surpassing the Zacks Consensus Estimate of 49 cents by 8.2%. Quarterly earnings surged 55.9% from the year-ago figure primarily on the back of higher revenues and operating income. CMS Energy Corporation (CMS) - Earnings Surprise | FindTheCompany Operational Performance
In the quarter under review, CMS Energy’s operating revenues were $1,486 million, surpassing the Zacks Consensus Estimate of $1,458 million by 1.9%. On a year-over-year basis, revenues increased 3.9%.
The company’s operating expenses declined nearly 2.1% year over year to $1,169 million.
Operating income was $317 million, up from $236 million a year ago.
CMS Energy’s interest charges were $101 million, flat with the prior-year period.
Financial Condition
CMS Energy had cash and cash equivalents of $150 million as of Sep 30, 2015, down from $207 million as of Dec 31, 2014.
As of Sep 30, 2015, total debt, capital leases and financing obligations increased to $8,445 million from $8,312 million as of Dec 31, 2014.
In the first nine months of 2015, cash from operating activities was $1,420 million compared with $962 million in the year-ago period.
Guidance
CMS Energy raised the low end of its 2015 adjusted earnings per share guidance of $1.86–$1.89 to $1.87–$1.89. The company reiterated its long-term adjusted earnings growth guidance of 5–7%.
Upcoming Releases
PG&E Corporation’s PCG adjusted operating earnings per share of 84 cents in the third quarter of 2015 missed the Zacks Consensus Estimate of 92 cents by 8.7%. The reported figure also declined 51.4% from a year ago.
Edison International EIX reported third-quarter 2015 results, wherein adjusted earnings of $1.16 per share came in ahead of the Zacks Consensus Estimate of $1.10 by 5.5%.
American Electric Power Co., Inc. AEP reported third-quarter 2015 operating earnings of $1.06 per share, beating the Zacks Consensus Estimate of $1.00 by 6%.
Zacks Rank
CMS Energy currently has a Zacks Rank #2 (Buy).
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CMS Energy Corporation
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CODE : CMS |
ISIN : US1258961002 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
CMS Energy est une société de production minière basée aux Etats-Unis D'Amerique. CMS Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 16,5 milliards US$ (15,5 milliards €). La valeur de son action a atteint son plus bas niveau récent le 18 avril 2014 à 0,12 US$, et son plus haut niveau récent le 18 avril 2024 à 58,48 US$. CMS Energy possède 282 420 406 actions en circulation. |