We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CMS Energy's (CMS) Q2 Earnings & Revenues Miss Estimates
Read MoreHide Full Article
CMS Energy Corporation (CMS - Free Report) reported second-quarter 2019 adjusted earnings per share (EPS) of 33 cents, down 32.7% year over year. The bottom line also missed the Zacks Consensus Estimate of 44 cents by 25%.
Operational Performance
In the quarter under review, CMS Energy’s operating revenues summed $1,445 million, which missed the Zacks Consensus Estimate of $1,456 million by 0.8%. The top line also fell 3.2% on a year-over-year basis.
The company’s operating expenses declined 0.8% to $1,227 million in the quarter under review.
Operating income in the second quarter was $218 million, down 14.5% from $255 million in the year-ago quarter.
CMS Energy’s interest charges were $131 million, up 17% from $112 million in the year-ago period.
CMS Energy Corporation Price, Consensus and EPS Surprise
CMS Energy had cash and cash equivalents of $312 million as of Jun 30, 2019, up from $153 million as of Dec 31, 2018.
As of Jun 30, 2019, total debt, capital leases and financing obligations (excluding securitization debt) were $12,135 million, up from $11,500 million as of Dec 31, 2018.
At the end of the first half of 2019, cash from operating activities amounted to $1,185 million compared with $1,416 million in the first half of 2018.
2019 Guidance
CMS Energy reaffirmed its adjusted earnings per share guidance of $2.47-$2.51 for 2019, indicating 6-8% growth from the year-ago quarter’s reported figure.
Dominion Energy (D - Free Report) is scheduled to report second-quarter 2019 results on Jul 31. The Zacks Consensus Estimate for earnings in the quarter to be reported is pegged at 79 cents.
Exelon Corp. (EXC - Free Report) is slated to report second-quarter 2019 results on Aug 1. The Zacks Consensus Estimate for earnings in the quarter is pegged at 63 cents.
A Recent Utility Release
NextEra Energy (NEE - Free Report) reported second-quarter 2019 adjusted earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.28 by 3.1%. Moreover, earnings were up 12.9% on a year-over-year basis
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Image: Bigstock
CMS Energy's (CMS) Q2 Earnings & Revenues Miss Estimates
CMS Energy Corporation (CMS - Free Report) reported second-quarter 2019 adjusted earnings per share (EPS) of 33 cents, down 32.7% year over year. The bottom line also missed the Zacks Consensus Estimate of 44 cents by 25%.
Operational Performance
In the quarter under review, CMS Energy’s operating revenues summed $1,445 million, which missed the Zacks Consensus Estimate of $1,456 million by 0.8%. The top line also fell 3.2% on a year-over-year basis.
The company’s operating expenses declined 0.8% to $1,227 million in the quarter under review.
Operating income in the second quarter was $218 million, down 14.5% from $255 million in the year-ago quarter.
CMS Energy’s interest charges were $131 million, up 17% from $112 million in the year-ago period.
CMS Energy Corporation Price, Consensus and EPS Surprise
CMS Energy Corporation price-consensus-eps-surprise-chart | CMS Energy Corporation Quote
Financial Condition
CMS Energy had cash and cash equivalents of $312 million as of Jun 30, 2019, up from $153 million as of Dec 31, 2018.
As of Jun 30, 2019, total debt, capital leases and financing obligations (excluding securitization debt) were $12,135 million, up from $11,500 million as of Dec 31, 2018.
At the end of the first half of 2019, cash from operating activities amounted to $1,185 million compared with $1,416 million in the first half of 2018.
2019 Guidance
CMS Energy reaffirmed its adjusted earnings per share guidance of $2.47-$2.51 for 2019, indicating 6-8% growth from the year-ago quarter’s reported figure.
Zacks Rank
CMS Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Utility Releases
Dominion Energy (D - Free Report) is scheduled to report second-quarter 2019 results on Jul 31. The Zacks Consensus Estimate for earnings in the quarter to be reported is pegged at 79 cents.
Exelon Corp. (EXC - Free Report) is slated to report second-quarter 2019 results on Aug 1. The Zacks Consensus Estimate for earnings in the quarter is pegged at 63 cents.
A Recent Utility Release
NextEra Energy (NEE - Free Report) reported second-quarter 2019 adjusted earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.28 by 3.1%. Moreover, earnings were up 12.9% on a year-over-year basis
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Click here to see these breakthrough stocks now >>