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CMS Energy (CMS) Lags Q1 Earnings Estimates, Sales Up Y/Y

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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 positive earnings surprise of 5.76%.

CMS Energy Corporation Price and EPS Surprise

Zacks Rank

Currently, CMS Energy has a Zacks Rank #4 (Sell), 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.

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

Earnings: CMS Energy reported first-quarter 2019 adjusted earnings per share (EPS) of 75 cents, down 12.8% year over year.

Revenue: The company’s operating revenues summed $2,059 million, which outshined the Zacks Consensus Estimate of $1,935
million by 6.4%.

Key Stats: CMS Energy reaffirmed its adjusted earnings per share in the range of $2.47-$2.51.

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

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