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CMS Energy (CMS) Misses Q4 Earnings, Tops Revenue 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.

Earnings Surprise Trend

Coming to the surprise, the company has reported positive earnings surprises in three of the last four quarters with an average negative earnings surprise of 6.37%.

Zacks Rank

Currently, CMS Energy has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: CMS Energy’s fourth-quarter 2018 adjusted earnings were 40 cents, which missed the Zacks Consensus Estimate of 41 cents per share.

Revenue: The company reported revenues of $1,829 million for the fourth quarter, surpassing the Zacks Consensus Estimate of $1,535 million.

Key Stats: CMS Energy raised its guidance for 2019 adjusted earnings to $2.47 - $2.51 per share.

Check back later for our full write up on this CMS Energy earnings report later!

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