CMS Energy Corporation (CMS - Free Report) reported fourth-quarter 2017 adjusted earnings per share of 51 cents which was in line with the Zacks Consensus Estimate of 51 cents. Quarterly earnings however surged 75.9% from the year-ago figure of 29 cents.
Excluding the one-time tax reform’s impact of 52 cents, the company reported loss of a penny as against earnings of 28 cents per share in the year-ago quarter.
For 2017, CMS Energy’s adjusted earnings were $2.17 per share, up from $2.03 from the year-ago period. The full-year adjusted earnings also came in line with the Zacks Consensus Estimate.
Operational Performance
In the quarter under review, CMS Energy’s operating revenues came in at $1,778 million, which surpassed the Zacks Consensus Estimate of $1,676 million by 6.1%. Moreover, on a year-over-year basis, revenues surged 8.4% from $1,640 million in the year-ago period.
For 2017, the company generated revenues worth $6.58 billion, which also surpassed the Zacks Consensus Estimate of $6.56 billion. Moreover, on a year-over-year basis, revenues surged 2.9% from $6.40 billion in the year-ago period.
The company’s operating expenses rose 2.9% year-over-year to $1,399 million during the quarter.
Operating income during the fourth quarter was $379 million, up 35.4% from $280 million a year ago.
CMS Energy’s interest charges were $110 million, compared with $111 million in the year-ago period.
Financial Condition
CMS Energy had cash and cash equivalents of $182 million as of Dec 31, 2017, down from $235 million as of Dec 31, 2016.
As of Dec 31, 2017, total debt, capital leases and financing obligations was $10,185 million, up from $9,706 million as of Dec 31, 2016.
At the end of 2017, cash from operating activities was $1,705 million compared with $1,629 million in the year-ago period.
CMS Energy Corporation Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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CMS Energy Corporation (CMS - Free Report) reported fourth-quarter 2017 adjusted earnings per share of 51 cents which was in line with the Zacks Consensus Estimate of 51 cents. Quarterly earnings however surged 75.9% from the year-ago figure of 29 cents.
Excluding the one-time tax reform’s impact of 52 cents, the company reported loss of a penny as against earnings of 28 cents per share in the year-ago quarter.
For 2017, CMS Energy’s adjusted earnings were $2.17 per share, up from $2.03 from the year-ago period. The full-year adjusted earnings also came in line with the Zacks Consensus Estimate.
Operational Performance
In the quarter under review, CMS Energy’s operating revenues came in at $1,778 million, which surpassed the Zacks Consensus Estimate of $1,676 million by 6.1%. Moreover, on a year-over-year basis, revenues surged 8.4% from $1,640 million in the year-ago period.
For 2017, the company generated revenues worth $6.58 billion, which also surpassed the Zacks Consensus Estimate of $6.56 billion. Moreover, on a year-over-year basis, revenues surged 2.9% from $6.40 billion in the year-ago period.
The company’s operating expenses rose 2.9% year-over-year to $1,399 million during the quarter.
Operating income during the fourth quarter was $379 million, up 35.4% from $280 million a year ago.
CMS Energy’s interest charges were $110 million, compared with $111 million in the year-ago period.
Financial Condition
CMS Energy had cash and cash equivalents of $182 million as of Dec 31, 2017, down from $235 million as of Dec 31, 2016.
As of Dec 31, 2017, total debt, capital leases and financing obligations was $10,185 million, up from $9,706 million as of Dec 31, 2016.
At the end of 2017, cash from operating activities was $1,705 million compared with $1,629 million in the year-ago period.
CMS Energy Corporation Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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