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
CMS Energy has seen its current quarter earnings move down over the past few 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. Coming to the surprise, the company has reported positive earnings surprises in two of the last four quarters with an average beat of 5.01%. We have mentioned below some of the vital information from this just-revealed announcement: Earnings: CMS Energy outpaced the Zacks Consensus Estimate. Our consensus called for earnings of 66 cents per share, and the company reported earnings of 73 cents. Revenue: However, the company reported revenues of $2,111 million for the first quarter, lagging the consensus estimate of $2,333 million. Key Stats to Note: CMS Energy reiterated adjusted earnings per share for 2015 in the range of $1.86 to $1.89 per share. Stock Price: CMS Energy’s shares were inactive following the release. Shares are down over 0.43% in the pre-market session. 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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