| --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------|-------|-------|------------------------|-------|-------------------------| | | | | Six Months \n6/30/24 | Ended | In Millions \n6/30/23 | | Beginning of Period Cash and Cash Equivalents, Including Restricted Amounts | | $ | 248 | $ | 182 | | Net cash provided by operating activities Net cash used in investing activities | | | 1,663 (1,246) | | 1,705 (2,079) | | Cash ...

CMS Energy reaffirmed its 2024 adjusted earnings guidance of $3.29 to $3.35 per share (*See below for important information about non-GAAP measures) and long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end. "We are on track to deliver our full year earnings guidance after a strong first half of the year prioritizing investments in our electric and gas systems to deliver value for customers," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. ...

Core Viewpoint - The Zacks Utilities sector is expected to report a 6% year-over-year increase in second-quarter 2024 earnings, driven by planned investments, cost-saving initiatives, new electric and gas rates, and the adoption of new technologies to enhance service reliability [11]. Group 1: Earnings Expectations - Companies such as CMS Energy Corporation, Edison International, DTE Energy, and PG&E Corporation are set to report second-quarter earnings on July 25, providing insights into the utilities sector's performance [2]. - The Zacks model indicates that a positive Earnings ESP and a Zacks Rank of 3 or better are essential for increasing the odds of an earnings beat [6]. - CMS Energy is predicted to achieve an earnings beat with an Earnings ESP of +0.39% and a Zacks Rank of 2 [7]. - Edison International is also expected to report an earnings beat with an Earnings ESP of +0.66% and a Zacks Rank of 2 [15]. - DTE Energy's earnings outlook is less favorable, with an Earnings ESP of +2.81% and a Zacks Rank of 4 [16]. - PG&E Corporation's earnings are anticipated to benefit from reduced non-fuel operation and maintenance expenses, alongside rising demand from electric vehicles (EVs) and data centers [10]. Group 2: Operational Improvements - Utilities are making prudent capital expenditures that lower operating, fuel, and maintenance costs, benefiting customers through reduced utility expenses [3]. - The sector is focused on enhancing infrastructure resilience against extreme weather and transitioning to cost-effective renewable energy sources [12]. - Investments in digital technology and data-driven decision-making are improving overall operations and efficiency [3]. Group 3: Market Conditions - Warmer-than-normal weather during the second quarter is expected to positively impact utilities' performance [5]. - The high interest rate environment in the U.S. has not worsened for capital-intensive utility operators, as the Federal Reserve has not increased the benchmark rate since July 2023 [13]. Group 4: Clean Energy Initiatives - Many utility companies are committed to achieving 100% clean energy and zero-emission targets, reducing reliance on coal and increasing the use of renewable energy sources [4]. - Utilities are building large battery storage units to support renewable energy projects, ensuring electricity availability even during non-productive hours [12].

Group 1 - CMS Energy's Board of Directors has declared a quarterly dividend of 51.50 cents per share on the company's common stock [3][4] - The dividend is payable on August 30, 2024, to shareholders of record on August 2, 2024 [1][3] - CMS Energy is primarily engaged in the energy sector, with Consumers Energy as its main business and also operates independent power generation businesses [4]

AUSTIN, Texas, July 19, 2024 /PRNewswire/ -- Today eHealth, Inc. (Nasdaq: EHTH) (eHealth.com), a leading online private health insurance marketplace, applauded the decision by the Centers for Medicare and Medicaid Services (CMS) to temporarily retain CY2024 agent compensation rates for CY2025. CMS's decision comes in response to preliminary injunctions issued by the US District Court for the Northern District of Texas in the case of Americans for Beneficiary Choice v. HHS. In a recent survey of more than 2, ...

Core Viewpoint - CMS Energy is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of performance in this regard [1][8]. Earnings Performance - In the last reported quarter, CMS Energy achieved earnings of $0.97 per share, exceeding the Zacks Consensus Estimate of $0.92 per share, resulting in a surprise of 5.43% [2]. - For the previous quarter, the company reported earnings of $1.05 per share against an expectation of $1.04 per share, delivering a surprise of 0.96% [2]. - The average surprise for the past two quarters stands at 3.20%, indicating a consistent ability to exceed expectations [6]. Earnings Estimates - There has been a favorable change in earnings estimates for CMS Energy, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [3][8]. - The current Earnings ESP for CMS Energy is +0.39%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Zacks Rank and Predictive Power - CMS Energy holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, enhances the probability of an earnings surprise [8]. - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [7].

Core Viewpoint - The upcoming earnings report for CMS Energy is anticipated to influence its stock price significantly, with expectations of either an upward or downward movement based on the performance relative to consensus estimates [1]. Revenue and Earnings Estimates - CMS Energy is expected to report revenues of $1.69 billion, reflecting an 8.8% increase from the same quarter last year [2]. - The consensus EPS estimate for CMS Energy is projected at $0.64 per share, indicating a year-over-year decline of 14.7% [11]. Earnings Surprise Prediction - The Zacks Earnings ESP indicates that the Most Accurate Estimate for CMS Energy is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.39%, suggesting a bullish outlook from analysts [14]. - Historically, CMS Energy has beaten consensus EPS estimates three out of the last four quarters, which may indicate a higher likelihood of a positive surprise in the upcoming report [16]. Industry Comparisons - NextEra Energy, another player in the electric power utility sector, is expected to report an EPS of $0.93 for the quarter ended June 2024, which represents a year-over-year increase of 5.7% [8]. - However, NextEra's consensus EPS estimate has been revised down by 8.8% over the last 30 days, resulting in a negative Earnings ESP of -0.18% [17][22]. Market Expectations - The market anticipates that CMS Energy will experience a year-over-year decline in earnings despite higher revenues, emphasizing the importance of actual results compared to estimates for stock price movements [9]. - Management's commentary during the earnings call will be crucial in determining the sustainability of any immediate price changes and future earnings expectations [10].

Core Viewpoint - CMS Energy (CMS) is currently positioned as a more attractive value investment compared to NextEra Energy (NEE), based on various valuation metrics and earnings outlooks [1][3][7]. Valuation Metrics - CMS has a forward P/E ratio of 18.42, while NEE's forward P/E is 21.14, indicating that CMS is relatively cheaper [5]. - The PEG ratio for CMS is 2.44, compared to NEE's PEG ratio of 2.46, suggesting similar growth expectations but a slightly better valuation for CMS [5]. - CMS's P/B ratio stands at 2.21, while NEE has a P/B ratio of 2.51, further supporting CMS's position as the more undervalued stock [6]. Earnings Outlook - CMS holds a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while NEE has a Zacks Rank of 3 (Hold), suggesting a less favorable earnings forecast [3][7]. - The positive earnings estimate revisions for CMS contribute to its stronger valuation metrics and overall investment appeal [3][7]. Value Grades - CMS has a Value grade of B, while NEE has a Value grade of D, highlighting CMS's superior valuation characteristics [7].

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Core Insights - CMS Energy has a Zacks Rank of 2 (Buy), indicating a positive analyst outlook, while NextEra Energy has a Zacks Rank of 3 (Hold) [1] - The article compares CMS Energy and NextEra Energy as potential undervalued stocks in the Utility - Electric Power sector [2] Valuation Metrics - CMS Energy has a forward P/E ratio of 18.13, while NextEra Energy has a forward P/E of 20.86 [4] - CMS has a PEG ratio of 2.40, compared to NextEra Energy's PEG ratio of 2.43, indicating similar expected earnings growth rates [4] - CMS Energy holds a Value grade of B, whereas NextEra Energy has a Value grade of D, suggesting CMS is more attractive for value investors [5] Additional Valuation Insights - CMS Energy's P/B ratio is 2.17, while NextEra Energy's P/B ratio is 2.47, indicating CMS may be undervalued relative to its book value [8] - Stronger estimate revision activity for CMS Energy suggests it is currently the superior option for value investors compared to NextEra Energy [9]