CMS Energy Corporation (CMS - Free Report) is set to report first-quarter 2018 results on April 26, before the market opens.
The company posted in-line earnings in the last quarter. CMS Energy surpassed the Zacks Consensus Estimate in two of the trailing four quarters, with the average beat being 0.61%.
Let’s see how things are shaping up at the company prior to this announcement.
Factors at Play
Lower tax rate, courtesy of the recent tax reform, is likely to fuel the company’s bottom line. In sync with this, the company’s first-quarter Zacks Consensus Estimate for earnings is pegged at 80 cents, reflecting a year-over-year rise of 12.7%.
Weather conditions remain a key determinant for the company’s to-be-reported quarter. CMS Energy’s service territories witnessed colder-than-normal winters in the first quarter, which is likely to result in higher household expenditures on heating. Thus demand for electricity is likely to remain high. Needless to say, CMS Energy’s revenues in the quarter under review is likely to increase courtesy of this.
The Zacks Consensus Estimate for the company’s first-quarter sales is pegged at $1,829 million, up 0.5% from the year-ago quarter’s figure.
During the first quarter, management increased CMS Energy’s dividend by 7.5%, which indicates the company has solid cash flow. The company’s cash flow reserve is likely to improve in the quarter.
CMS Energy Corporation Price 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 >>
CMS Energy Corporation (CMS - Free Report) is set to report first-quarter 2018 results on April 26, before the market opens.
The company posted in-line earnings in the last quarter. CMS Energy surpassed the Zacks Consensus Estimate in two of the trailing four quarters, with the average beat being 0.61%.
Let’s see how things are shaping up at the company prior to this announcement.
Factors at Play
Lower tax rate, courtesy of the recent tax reform, is likely to fuel the company’s bottom line. In sync with this, the company’s first-quarter Zacks Consensus Estimate for earnings is pegged at 80 cents, reflecting a year-over-year rise of 12.7%.
Weather conditions remain a key determinant for the company’s to-be-reported quarter. CMS Energy’s service territories witnessed colder-than-normal winters in the first quarter, which is likely to result in higher household expenditures on heating. Thus demand for electricity is likely to remain high. Needless to say, CMS Energy’s revenues in the quarter under review is likely to increase courtesy of this.
The Zacks Consensus Estimate for the company’s first-quarter sales is pegged at $1,829 million, up 0.5% from the year-ago quarter’s figure.
During the first quarter, management increased CMS Energy’s dividend by 7.5%, which indicates the company has solid cash flow. The company’s cash flow reserve is likely to improve in the quarter.
CMS Energy Corporation Price 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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