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CMS Energy (CMS) Tops Q3 Earnings, Misses Sales Estimates
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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 third quarter Zacks Consensus Estimate for earnings of 60 cents per share has increased by a penny over the last 7 days.
Coming to the surprise, the company has reported positive earnings surprises in one of the last four quarters with an average positive earnings surprise of 5.87%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: CMS Energy’s third-quarter 2016 adjusted earnings beat the Zacks Consensus Estimate of 60 cents. The company reported earnings of 70 cents.
Revenue:The company’s revenues of $1,587 million for the third quarter missed the consensus estimate of $1,609 million.
Key Stats to Note:CMS Energy has raised its 2016 adjusted earnings per share in the range of $2.00–$2.02 compared to earlier range of $1.99– $2.02.
Check back later for our full write up on this CMS Energy earnings report later!
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CMS Energy (CMS) Tops Q3 Earnings, Misses Sales Estimates
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 third quarter Zacks Consensus Estimate for earnings of 60 cents per share has increased by a penny 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.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Coming to the surprise, the company has reported positive earnings surprises in one of the last four quarters with an average positive earnings surprise of 5.87%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: CMS Energy’s third-quarter 2016 adjusted earnings beat the Zacks Consensus Estimate of 60 cents. The company reported earnings of 70 cents.
CMS ENERGY Price and EPS Surprise
CMS ENERGY Price and EPS Surprise | CMS ENERGY Quote
Revenue:The company’s revenues of $1,587 million for the third quarter missed the consensus estimate of $1,609 million.
Key Stats to Note:CMS Energy has raised its 2016 adjusted earnings per share in the range of $2.00–$2.02 compared to earlier range of $1.99– $2.02.
Check back later for our full write up on this CMS Energy earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>