CMS Energy (CMS) Tops Q3 Earnings and Revenue Estimates
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.
Earnings Surprise Trend
Coming to the surprise, the company has reported positive earnings surprises in all of the last four quarters with an average negative earnings surprise of 8.67%.
CMS Energy Corporation Price and EPS Surprise
CMS Energy Corporation Price and EPS Surprise | CMS Energy Corporation Quote
Zacks Rank
Currently, CMS Energy has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: CMS Energy’s third-quarter 2018 adjusted earnings were 59 cents, which surpassed the Zacks Consensus Estimate of 57 cents per share by 3.5%.
Revenue: The company reported revenues of $1,599 million for the third-quarter, surpassing the Zacks Consensus Estimate of $1,527 million by 4.7%.
Key Stats: CMS Energy raised its 2018 adjusted earnings per share guidance in the range of $2.31-$2.34 per share from the previous guidance of $2.30-$2.34 per share.
Check back later for our full write up on this CMS Energy earnings report later!
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