CMS Energy Earnings: Yet Another Quarter of Profitability

S&P 500 (NYSE:SPY) component CMS Energy Corporation (NYSE:CMS) reported its results for the second quarter. CMS Energy is a Michigan-based energy company.

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CMS Energy Corporation Earnings Cheat Sheet

Results: Net income for CMS Energy Corporation remained steady at $100 million (37 cents per diluted share) from the year-earlier quarter.

Revenue: Fell 2.3% to $1.33 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CMS Energy Corporation beat the mean analyst estimate of 33 cents per share. It fell short of the average revenue estimate of $1.55 billion.

Key Stats:

Revenue has fallen for the past three quarters. In the first quarter, revenue declined 15.2% to $1.74 billion while the figure fell 3.7% in the fourth quarter of the last fiscal year from the year earlier.

The company topped expectations last quarter after falling short of forecasts in the first quarter with net income of 37 cents versus a mean estimate of net income of 39 cents per share.

Net income has increased 6.3% year-over-year on average across the last five quarters. The biggest gain came in the fourth quarter of the last fiscal year, when income climbed 64% from the year-earlier quarter.

Looking Forward: For next quarter, analysts have a more positive outlook about the company’s expected results. The average estimate for the third quarter is 62 cents per share, up from 59 cents ninety days ago. For the fiscal year, the average estimate has been unchanged at $1.54 a share.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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