CMS Energy Earnings: Here’s Why Investors are Happy Now

CMS Energy Corp. (NYSE:CMS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.64%.

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CMS Energy Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 39.47% to $0.53 in the quarter versus EPS of $0.38 in the year-earlier quarter.

Revenue: Rose 13.54% to $1.98 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CMS Energy Corp. reported adjusted EPS income of $0.53 per share. By that measure, the company beat the mean analyst estimate of $0.46. It beat the average revenue estimate of $1.85 billion.

Quoting Management: John Russell, CMS Energy’s president and chief executive officer, said that CMS Energy’s principal subsidiary, Consumers Energy, is helping to create jobs in Michigan through its plans to invest about $7 billion in its operations through 2017.
“Working with the State of Michigan, we’re helping to create jobs by investing in renewable energy, environmental quality, energy efficiency, energy reliability and our natural gas and electric infrastructure. We’re seeing improvements in Michigan’s economy and we’re pleased that our investments are having a positive impact. At the same time, we continue to work hard to hold down our operating costs while creating customer value,” Russell said.

Key Stats (on next page)…

Revenue increased 18.5% from $1.67 billion in the previous quarter. EPS increased 112% from $0.25 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.33 to a profit $0.35. For the current year, the average estimate has moved up from a profit of $1.63 to a profit of $1.65 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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