CMS Energy (CMS) Beats Q1 Earnings & Revenue Estimates

CMS Energy Corp. CMS 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.

The company is currently focused on several issues – capacity maximization, reliability improvement, clean power generation and infrastructure upgrade. It also continues to focus on its Smart Energy program, which will likely boost profits for the company going forward.

However, the possibility of lower gas and electric consumption and stringent environmental regulations are our major concern.

Estimates Revision & Earnings Surprise Trend

Investors should note that the first quarter Zacks Consensus Estimate for earnings of 65 cents per share has remained stable over the last 7 days.

Currently, CMS Energy has a Zacks Rank #3 (Hold), 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.

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 8.00%.

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

Earnings: CMS Energy’s first-quarter 2017 earnings were 71 cents, beating the Zacks Consensus Estimate of 65 cents.

Revenue: The company’s revenues of $1,829 million for the first quarter surpassed the consensus estimate of $1,820 million.

Key Stats to Note: CMS Energy reiterated its 2017 adjusted earnings per share in the range of $2.14 to $2.18.

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

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