CMS Energy Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 28 cents per share, a rise of 12% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 33 cents. Between one and three months ago, the average estimate moved down and dropped from 30 cents during the last month. For the year, analysts are projecting net income of $1.46 per share, a rise of 7.4% from last year.
Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported profit of 51 cents per share versus a mean estimate of 44 cents. Two quarters ago, it reported net income of 21 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $1.05 billion in revenue this quarter, a decline of 21.6% from the year ago quarter. Analysts are forecasting total revenue of $6.65 billion for the year, a rise of 3.4% from last year’s revenue of $6.43 billion.
Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, none rating it as a sell and five rating it as a hold.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 53.4% while it rose 80% in the fourth quarter of the last fiscal year and 93.3% in the third quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 4.5% to $2.06 billion in first quarter. The figure rose 5.3% in the fourth quarter of the last fiscal year from the year earlier, climbed 13.3% in the third quarter of the last fiscal year from the year-ago quarter and 9.1% in the second quarter of the last fiscal year.
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).
Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had risen $1.07 (5.7%) from $18.86 to $19.93. The stock price saw one of its best stretches over the last year between September 30, 2010 and October 11, 2010 when shares rose for eight-straight days, rising 5% (+87 cents) over that span. It saw one of its worst periods between March 9, 2011 and March 16, 2011 when shares fell for six-straight days, falling 5.6% (-$1.10) over that span. Shares are up $1.72 (+9.4%) year to date.
(Source: Xignite Financials)