Advertisement
Canada markets close in 4 hours 33 minutes

  • S&P/TSX

    21,775.32
    -98.40 (-0.45%)
     

  • S&P 500

    5,009.19
    -62.44 (-1.23%)
     

  • DOW

    37,867.89
    -593.03 (-1.54%)
     

  • CAD/USD

    0.7300
    +0.0002 (+0.03%)
     

  • CRUDE OIL

    82.26
    -0.55 (-0.66%)
     

  • Bitcoin CAD

    87,134.95
    -1,652.91 (-1.86%)
     

  • CMC Crypto 200

    1,372.19
    -10.38 (-0.75%)
     

  • GOLD FUTURES

    2,344.40
    +6.00 (+0.26%)
     

  • RUSSELL 2000

    1,967.26
    -28.16 (-1.41%)
     

  • 10-Yr Bond

    4.7020
    +0.0500 (+1.07%)
     

  • NASDAQ

    15,446.01
    -266.74 (-1.70%)
     

  • VOLATILITY

    16.95
    +0.98 (+6.13%)
     

  • FTSE

    8,074.92
    +34.54 (+0.43%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6810
    -0.0009 (-0.13%)
     
BREAKING:

HONDA TO SET UP $15B EV PRODUCTION BASE IN CANADA

Automaker to get up to $5B in government assistance for EV battery, assembly plants

CMS Energy (CMS) Misses on Q4 Earnings - Tale of the Tape

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 during 2014 winter and stringent environmental regulations are our major concern.

ADVERTISEMENT

 

Currently, CMS Energy has a Zacks Rank #2 (Buy), but that could definitely change following CMS Energy’s earnings report which was just released. The company has reported positive earnings surprises in three of the last four quarters with an average beat of 5.70%.

 

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

 

Earnings: CMS Energy missed the Zacks Consensus Estimate by a penny. Our consensus called for earnings of 36 cents per share, and the company reported 35 cents. (these figures take out stock option expenses).

 

Revenue: However, the company reported revenues of $1,758 million in the fourth quarter, beating consensus estimate of $1,579 million.

 

Key Stats to Note:  CMS Energy raised guidance for 2015 adjusted earnings to $1.86 to $1.89 per share.

 

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

 

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CMS ENERGY (CMS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research