S&P 500 component CMS Energy Corp will unveil its latest earnings on Thursday, February 23, 2012. CMS Energy is a Michigan-based energy company.
CMS Energy Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 15 cents per share, a decline of 28.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 37 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 7.4% versus last year to $1.46.
Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at profit of 53 cents per share against a mean estimate of net income of 51 cents. The company fell in line with estimates in the second quarter.
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Wall St. Revenue Expectations: Analysts predict a rise of 20.8% in revenue from the year-earlier quarter to $2.03 billion.
Analyst Ratings: Analysts are optimistic about this stock, with nine analysts rating it as a buy, none rating it as a sell and four rating it as a hold.
A Look Back: In the third quarter, profit fell 4.1% to $139 million (53 cents a share) from $145 million (53 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 1.5% to $1.46 billion from $1.44 billion.
Key Stats:
The decrease in profit in the third quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 22% in the second quarter, 53.4% in the first quarter and 80% in the fourth quarter of the last fiscal year.
Revenue has increased in each of the past four quarters. Revenue rose 1.8% in the second quarter from the year earlier, climbed 4.5% in the first quarter from the year-ago quarter and 5.3% in the fourth quarter of the last fiscal year.
Stock Price Performance: Between November 21, 2011 and February 17, 2012, the stock price rose $1.34 (6.6%), from $20.20 to $21.54. The stock price saw one of its best stretches over the last year between April 26, 2011 and May 4, 2011, when shares rose for seven straight days, increasing 6.2% (+$1.12) over that span. It saw one of its worst periods between March 9, 2011 and March 16, 2011 when shares fell for six straight days, dropping 5.7% (-$1.07) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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