CMS Energy Corp Earnings Cheat Sheet: Snaps Strong Streak with Profit Drop

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

CMS Energy Earnings Cheat Sheet for the Third Quarter

Results: Net income for the diversified utilities company rose to $139 million (53 cents per share) vs. $134 million (53 cents per share) a year earlier.

Revenue: Rose 1.5% to $1.46 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: CMS beat the mean analyst estimate of 51 cents per share. It beat the average revenue estimate of $1.13 billion.

Quoting Management: John Russell, CMS Energy’s president and chief executive officer, said, “In December, Consumers Energy will celebrate 125 years of serving families and businesses in Michigan. The principles of our business are timeless: Provide our customers with safe, reliable and affordable energy service. We are improving the environment and delivering value to our customers. We work hard every day to aggressively control our costs. Our plan calls for base rate increases to be at or below the approximate rate of inflation for the next five years.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 1.8% to $1.36 billion in the second quarter. The figure rose 4.5% in the first quarter from the year earlier and climbed 5.3% in the fourth quarter of the last fiscal year from the year-ago quarter.

The company beat estimates last quarter after being in line with expectations in the second quarter with net income of 26 cents per share.

Looking Forward: For next quarter, analysts have a more positive outlook about the company’s expected results. The average estimate for the fourth quarter is 48 cents per share, up from 18 cents ninety days ago. For the fiscal year, the average estimate has moved up from $1.45 a share to $1.46 over the last ninety days.

Competitors to Watch: DTE Energy Company (NYSE:DTE), Wisconsin Energy Corp. (NYSE:WEC), Integrys Energy Group, Inc. (NYSE:TEG), The Empire District Electric Co. (NYSE:EDE), Ameren Corporation (NYSE:AEE), Avista Corporation (NYSE:AVA), CH Energy Group, Inc. (NYSE:CHG), Dominion Resources, Inc. (NYSE:D), SCANA Corporation (NYSE:SCG), and PG&E Corporation (NYSE:PCG).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)