Jackson, MI-based CMS Energy Corporation (CMS - Free Report) reported second-quarter 2018 adjusted earnings per share (EPS) of 48 cents. The figure surpassed the Zacks Consensus Estimate of 41 cents by 17.1%.
The company reported GAAP earnings of 49 cents in the reported quarter, compared to 33 cents in the prior-year quarter.
Operational Performance
In the quarter under review, CMS Energy’s operating revenues came in at $1,492 million, beating the Zacks Consensus Estimate of $1,451 million by 2.8%. Moreover, on a year-over-year basis, revenues improved approximately 3% from $1,449 million.
The company’s operating expenses increased 2.4% to $1,237 million during the quarter.
Operating income during the second quarter was $255 million, up 5.8% from $241 million a year ago.
CMS Energy’s interest charges were $112 million, up 1.8% from $110 million in the year-ago period.
CMS Energy Corporation Price, Consensus and EPS Surprise
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Jackson, MI-based CMS Energy Corporation (CMS - Free Report) reported second-quarter 2018 adjusted earnings per share (EPS) of 48 cents. The figure surpassed the Zacks Consensus Estimate of 41 cents by 17.1%.
The company reported GAAP earnings of 49 cents in the reported quarter, compared to 33 cents in the prior-year quarter.
Operational Performance
In the quarter under review, CMS Energy’s operating revenues came in at $1,492 million, beating the Zacks Consensus Estimate of $1,451 million by 2.8%. Moreover, on a year-over-year basis, revenues improved approximately 3% from $1,449 million.
The company’s operating expenses increased 2.4% to $1,237 million during the quarter.
Operating income during the second quarter was $255 million, up 5.8% from $241 million a year ago.
CMS Energy’s interest charges were $112 million, up 1.8% from $110 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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