CMS Energy Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CMS Energy Corp (NYSE:CMS) will unveil its latest earnings on Thursday, October 27, 2011. CMS Energy is a Michigan-based energy company.

CMS Energy Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 51 cents per share, a decline of 1.9% 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 52 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 7.4% versus last year to $1.46.

Past Earnings Performance: Last quarter, the company met expectations by reporting profit of 26 cents per share last quarter. In the previous first quarter, the company beat estimates by 7 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.13 billion in revenue this quarter, a decline of 21.5% from the year ago quarter. Analysts are forecasting total revenue of $6.67 billion for the year, a rise of 3.7% 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 four rating it as a hold.

A Look Back: In the second quarter, profit rose 22% to $100 million (38 cents a share) from $82 million (32 cents a share) the year earlier, meeting analyst expectations. Revenue rose 1.8% to $1.36 billion from $1.34 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 53.4% in the first quarter and 80% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 4.5% in the first quarter from the year earlier, climbed 5.3% in the fourth quarter of the last fiscal year from the year-ago quarter and 13.3% in the third 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 August 25, 2011 to October 21, 2011, the stock price had risen $1.81 (9.4%) from $19.16 to $20.97. The stock price saw one of its best stretches over the last year between April 26, 2011 and May 4, 2011 when shares rose for seven-straight days, rising 6.2% (+$1.15) 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 5.7% (-$1.09) over that span. Shares are up $2.96 (+16.4%) year to date.

(Source: Xignite Financials)

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