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CMS Energy (CMS) Meets Q4 Earnings, Lags on Revenues

Zacks Equity Research
Updated

CMS Energy Corp. CMS is the holding company of Consumers Energy Company (Consumers) and CMS Enterprises Company (Enterprises). This Jackson, MI based firm’s regulated electric power operations in Michigan generate a relatively stable and growing earnings stream.

The company is currently focused on several issues - capacity maximization, reliability improvement, clean power generation and infrastructure upgrade. It also continues to focus on its Smart Energy program, which will likely boost profits for the company going forward.

However, the possibility of lower gas and electric consumption and stringent environmental regulations are our major concern.

Estimates Revision & Earnings Surprise Trend

Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 38 cents per share has remained stable over the last 90 days.

Currently, CMS Energy has a Zacks Rank #3 (Hold), but that could definitely change following CMS Energy’s earnings report which was just released.

Coming to the surprise, the company has reported positive earnings surprises in two of the last four quarters with an average negative earnings surprise of 2.06%.

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: CMS Energy’s fourth-quarter 2015 earnings met the Zacks Consensus Estimate. The company reported earnings of 38 cents.

Revenue: The company’s revenues of $1,509 million for the fourth quarter missed the consensus estimate of $2,358 million.

Key Stats to Note: CMS Energy expects its 2016 adjusted earnings per share in the range of $1.99 to $2.02.0

Check back later for our full write up on this CMS Energy earnings report later!

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CMS ENERGY (CMS): Free Stock Analysis Report
 
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Zacks Investment Research