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 a flat track record when it comes to current quarter estimate revisions, as there has been no revision on either side over the past few weeks. Currently, CMS Energy has a Zacks Rank #3 (Hold), 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 3.36%. We have mentioned below some of the vital information from this just-revealed announcement: Earnings: CMS Energy’s second-quarter 2015 earnings missed the Zacks Consensus Estimate. Our consensus called for earnings of 33 cents per share, and the company reported earnings of 25 cents. Revenue: The company’s revenues of $1,350 million for the second quarter also lagged the consensus estimate of $1,444 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. CMS Energy’s primary subsidiary – Consumers Energy Company – will be adding solar power to its renewable energy portfolio for the first time and the company’s seven oldest coal plants will be retired in Apr 2016. Stock Price: CMS Energy’s shares were up around 0.2% ahead of the report and remained inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today. 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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