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CMS Energy (CMS) to Report Q1 Earnings: What's in Store?
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CMS Energy Corporation (CMS - Free Report) is set to report first-quarter 2020 results on Apr 27, before market open. In the last reported quarter, the company delivered a negative earnings surprise of 1.45%.
Moreover, in the trailing four quarters, CMS Energy came up with average negative earnings surprise of 2.83%.
Let's take a detailed look at the factors that are likely to have influenced this electricity provider’s performance in the first quarter.
Factors to Consider
During most of the first quarter of 2020, the company’s service territories experienced moderate snowfall. Such weather conditions are likely to have resulted in high electricity demand, which, in turn, must have boosted CMS Energy’s top line in the soon-to-be-reported quarter.
In 2019, the company signed a handful of contracts, backed by notable economic development in the state of Michigan. The contracts are likely to have bolstered the company’s quarterly sales. Higher adoption of electric vehicles across Michigan is likely to reflect on CMS Energy’s results.
For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $2.17 billion, indicating 5.6% improvement from the year-ago quarter reported figure.
Positive settlement agreement for its gas rate case in September 2019 is likely to have benefited CMS Energy’s bottom line this time around. Also, the company’s cost reduction initiatives, largely driven by CE Way as well as lower storm restoration expenses, are expected to have bolstered quarterly earnings.
For the first quarter, the Zacks Consensus Estimate for earnings is pegged at 85 cents, which indicates 13.3% improvement from the figure reported in the year-ago quarter.
In January, its board of directors approved a 6.5% quarterly dividend hike on its common stock to 40.75 cents per share. This reflects the solid financial position that CMS Energy holds, which should get reflected in its first-quarter’s balance sheet.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for CMS Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here.
Earnings ESP: CMS Energy has an Earnings ESP of -2.35%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are a few players from the Utilities sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
CenterPoint Energy (NEE - Free Report) has an Earnings ESP of +10.59% and a Zacks Rank #3. The company will announce first-quarter 2020 earnings on May 7.
American Electric Power (AEP - Free Report) has an Earnings ESP of +0.14% and a Zacks Rank #3. The company will announce first-quarter 2020 earnings on Apr 23.
Dominion Energy (D - Free Report) has an Earnings ESP of +0.86% and a Zacks Rank #3. The company will announce first-quarter 2020 earnings on May 5.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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CMS Energy (CMS) to Report Q1 Earnings: What's in Store?
CMS Energy Corporation (CMS - Free Report) is set to report first-quarter 2020 results on Apr 27, before market open. In the last reported quarter, the company delivered a negative earnings surprise of 1.45%.
Moreover, in the trailing four quarters, CMS Energy came up with average negative earnings surprise of 2.83%.
Let's take a detailed look at the factors that are likely to have influenced this electricity provider’s performance in the first quarter.
Factors to Consider
During most of the first quarter of 2020, the company’s service territories experienced moderate snowfall. Such weather conditions are likely to have resulted in high electricity demand, which, in turn, must have boosted CMS Energy’s top line in the soon-to-be-reported quarter.
In 2019, the company signed a handful of contracts, backed by notable economic development in the state of Michigan. The contracts are likely to have bolstered the company’s quarterly sales. Higher adoption of electric vehicles across Michigan is likely to reflect on CMS Energy’s results.
For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $2.17 billion, indicating 5.6% improvement from the year-ago quarter reported figure.
CMS Energy Corporation Price and EPS Surprise
CMS Energy Corporation price-eps-surprise | CMS Energy Corporation Quote
Positive settlement agreement for its gas rate case in September 2019 is likely to have benefited CMS Energy’s bottom line this time around. Also, the company’s cost reduction initiatives, largely driven by CE Way as well as lower storm restoration expenses, are expected to have bolstered quarterly earnings.
For the first quarter, the Zacks Consensus Estimate for earnings is pegged at 85 cents, which indicates 13.3% improvement from the figure reported in the year-ago quarter.
In January, its board of directors approved a 6.5% quarterly dividend hike on its common stock to 40.75 cents per share. This reflects the solid financial position that CMS Energy holds, which should get reflected in its first-quarter’s balance sheet.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for CMS Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here.
Earnings ESP: CMS Energy has an Earnings ESP of -2.35%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are a few players from the Utilities sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
CenterPoint Energy (NEE - Free Report) has an Earnings ESP of +10.59% and a Zacks Rank #3. The company will announce first-quarter 2020 earnings on May 7.
American Electric Power (AEP - Free Report) has an Earnings ESP of +0.14% and a Zacks Rank #3. The company will announce first-quarter 2020 earnings on Apr 23.
Dominion Energy (D - Free Report) has an Earnings ESP of +0.86% and a Zacks Rank #3. The company will announce first-quarter 2020 earnings on May 5.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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