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CMS Energy (CMS) Tops Q2 Earnings and Revenue Estimates

Zacks Equity Research
Updated

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.

Earnings Surprise Trend

Coming to the surprise, the company has reported positive earnings surprises in two of the last four quarters with an average negative earnings surprise of 0.48%.

CMS Energy Corporation Price and EPS Surprise

CMS Energy Corporation Price and EPS Surprise | CMS Energy Corporation Quote

Zacks Rank

Currently, CMS Energy has a Zacks Rank #2 (Buy). 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’s second-quarter 2018 adjusted earnings were 48 cents, which surpassed the Zacks Consensus Estimate of 41 cents per share by 17%.

Revenue: The company reported revenues of $1,492 million for the second quarter, surpassing the Zacks Consensus Estimate of $1,451 million by 2.82%.

Key Stats: CMS Energy reaffirmed its guidance for 2018 adjusted earnings of $2.30 - $2.34 per share.

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

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CMS Energy Corporation (CMS) : Free Stock Analysis Report
 
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Zacks Investment Research