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CMS Energy Corp. (CMS - Free Report) 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 second quarter Zacks Consensus Estimate for earnings of 35 cents per share has increased by 5 cents over the last 30 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 7.33%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: CMS Energy’s second-quarter 2016 earnings beat the Zacks Consensus Estimate of 35 cents. The company reported earnings of 45 cents.
Revenue: The company’s revenues of $1,371 million for the second quarter missed the consensus estimate of $1,464 million.
Key Stats to Note: CMS Energy reiterated its 2016 adjusted earnings per share in the range of $1.99 to $2.02.
Check back later for our full write up on this CMS Energy earnings report later!
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CMS Energy (CMS) Beats on Q2 Earnings, Keeps View
CMS Energy Corp. (CMS - Free Report) 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 second quarter Zacks Consensus Estimate for earnings of 35 cents per share has increased by 5 cents over the last 30 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 7.33%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: CMS Energy’s second-quarter 2016 earnings beat the Zacks Consensus Estimate of 35 cents. The company reported earnings of 45 cents.
Revenue: The company’s revenues of $1,371 million for the second quarter missed the consensus estimate of $1,464 million.
Key Stats to Note: CMS Energy reiterated its 2016 adjusted earnings per share in the range of $1.99 to $2.02.
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 >>