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CMS Energy (CMS) Misses Q2 Earnings, Beats Sales Estimate
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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 41 cents per share dropped by a penny over the last 7 days.
Coming to the surprise, the company has reported positive earnings surprises in three of the last four quarters with an average positive earnings surprise of 13.62%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: CMS Energy’s second-quarter 2017 adjusted weather-normalized earnings were 35 cents, which missed the Zacks Consensus Estimate of 41 cents.
Revenue: The company’s revenues of $1,449 million for the second quarter surpassed the consensus estimate of $1,355.5 million.
Key Stats to Note: CMS Energy has reiterated its 2017 adjusted earnings per share in the range of $2.14 to $2.18.
Stock Price: In the pre-market trading session, CMS Energy’s second quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this CMS Energy earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaries,"" but that should still leave plenty of money for regular investors who make the right trades early.
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CMS Energy (CMS) Misses Q2 Earnings, Beats Sales Estimate
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 41 cents per share dropped by a penny over the last 7 days.
Currently, CMS Energy has a Zacks Rank #3 (Hold), 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 three of the last four quarters with an average positive earnings surprise of 13.62%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: CMS Energy’s second-quarter 2017 adjusted weather-normalized earnings were 35 cents, which missed the Zacks Consensus Estimate of 41 cents.
CMS Energy Corporation Price and EPS Surprise
CMS Energy Corporation Price and EPS Surprise | CMS Energy Corporation Quote
Revenue: The company’s revenues of $1,449 million for the second quarter surpassed the consensus estimate of $1,355.5 million.
Key Stats to Note: CMS Energy has reiterated its 2017 adjusted earnings per share in the range of $2.14 to $2.18.
Stock Price: In the pre-market trading session, CMS Energy’s second quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this CMS Energy earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaries,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>