CMS Energy Corp reports results for the quarter ended March 31 - Earnings Summary

• CMS Energy Corp CMS.N reported quarterly adjusted earnings of $1.02​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 97 cents. The mean expectation of fourteen analysts for the quarter was for earnings of $1.01 per share. Wall Street expected results to range from 90 cents to $1.10 per share.

• Revenue rose 12.5% to $2.45 billion from a year ago; analysts expected $2.24 billion.

• CMS Energy Corp's reported EPS for the quarter was $1.01​.

• The company reported quarterly net income of $302 million.

• CMS Energy Corp shares had fallen by 2.1% this quarter and gained 10.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.1% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the multiline utilities peer group is also "buy"

• Wall Street's median 12-month price target for CMS Energy Corp is $76.00

This summary was machine generated from LSEG data April 24 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)