CMS Energy Earnings: Here’s Why the Stock is Up Now

CMS Energy Corp. (NYSE:CMS) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.79%.

CMS Energy Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 27.5% to $0.29 in the quarter versus EPS of $0.40 in the year-earlier quarter.

Revenue: Rose 5.48% to $1.41 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CMS Energy Corp. reported adjusted EPS income of $0.29 per share. By that measure, the company missed the mean analyst estimate of $0.34. It beat the average revenue estimate of $1.37 billion.

Quoting Management: “We’re focused on providing customers with safe, reliable and affordable service,” said John Russell, CMS Energy’s president and chief executive officer. “Our plan to accelerate several cost reduction measures should allow us to avoid electric and gas base rate increases and hold down prices.”

Key Stats (on next page)…

Revenue decreased 28.95% from $1.98 billion in the previous quarter. EPS decreased 45.28% from $0.53 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.58 to a profit $0.55. For the current year, the average estimate is a profit of $1.65, which is the same with that ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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