CMS Energy Earnings Cheat Sheet: Tops Net Income Estimates, Stock Powers Up

S&P 500 (NYSE:SPY) component CMS Energy Corporation (NYSE:CMS) reported net income above Wall Street’s expectations for the first quarter. CMS Energy Corp. is a Michigan-based energy company.

Don’t Miss: Wall St. Cheat Sheet’s newest Feature Trades of the Month!

CMS Energy Earnings Cheat Sheet for the First Quarter

Results: Net income for the diversified utilities company rose to $135 million (52 cents/share) vs. $88 million (34 cents/share) in the same quarter a year earlier. A rise of 53.4% from the year earlier quarter.

Revenue: Rose 4.5% to $2.06 billion YoY.

Actual vs. Wall St. Expectations: CMS beat the mean analyst estimate of 43 cents/share. Estimates ranged from 35 cents per share to 49 cents per share.

Quoting Management: John Russell, CMS Energy’s president and chief executive officer, said the company is making substantial investments in renewable energy, environmental quality, energy efficiency and other areas to continue to provide customers with safe, reliable and affordable service. The company plans to invest more than $6 billion in its Consumers Energy operations through 2015, making it one of the largest investors in Michigan,” he said.

Key Stats: The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose 80% and in the third quarter of the last fiscal year, the figure rose 93.3%.

From the fourth quarter of the last fiscal year, the company’s current liabilities fell to $1.01 billion from $2.02 billion.

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).

Today’s Performance: Shares of CMS are trading at $19.30 as of April 28, 2011 at 4:00 PM ET, up over 1% from the previous close.


Don’t Miss Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet