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CMS Energy (CMS) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2024-07-18 15:09
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].
CMS vs. NEE: Which Stock Is the Better Value Option?
ZACKS· 2024-07-17 16:46
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].
Gauzy's Advanced Driver Assistance Systems (ADAS) Enhances Public Safety at the 2024 Paris Olympics With More Than 11 Million Expected Visitors
GlobeNewswire News Room· 2024-07-17 11:30
Gauzy is committed to enabling cities to take a proactive approach to enhance public transportation, safety and efficiency, while also considering concerns caused by an increase in micro-mobility. Paris joins multiple cities worldwide, including London, Brisbane, and Lyon that have already selected Gauzy's Smart-Vision CMS to make a positive impact on road safety. In addition to improving safety, Gauzy's smart-vision CMS offers several other benefits, including: Gauzy is proud to play an integral role in pu ...
CMS vs. NEE: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-07-16 16:46
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]
NorthStar Clean Energy, an Innovative Renewable Energy and Decarbonization Solutions Provider, relocates headquarters to Ann Arbor, Michigan
Prnewswire· 2024-07-15 11:00
The new headquarters, located in the burgeoning technology and innovation area of Ann Arbor, will serve as the central hub for NorthStar's operations, research, and development. This relocation reflects the company's dedication to expanding its impact on both local and national scales. NorthStar Clean Energy's relocation will kick off with a ribbon cutting ceremony alongside the Ann Arbor / Ypsilanti Regional Chamber on Tuesday, July 16th. The company will host an open house event to welcome the community a ...
Is the Options Market Predicting a Spike in CMS Energy (CMS) Stock?
ZACKS· 2024-07-09 13:15
What is Implied Volatility? What do the Analysts Think? Given the way analysts feel about CMS Energy right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered appr ...
CMS Energy (CMS), Jupiter Ink Deal for 100MW Battery Storage
ZACKS· 2024-06-28 16:45
CMS Energy Corp.'s (CMS) subsidiary, Consumers Energy, has signed a deal to collaborate with Jupiter Power to build 100 Megawatts (MW) of battery energy storage projects in Michigan. This partnership agreement should put CMS a step toward duly achieving its net-zero carbon emission goal by 2040. Growth Prospects DUK's long-term earnings growth rate is 6.1%. The Zacks Consensus Estimate for 2024 sales implies a rise of 3.2% over the 2023 reported figure. Price Movement In response to the United States' growi ...
Why CMS Energy (CMS) is a Top Growth Stock for the Long-Term
ZACKS· 2024-06-18 14:50
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. What are the Zacks Style Scores? Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better ch ...
CMS Energy: A Midwest Utility Worth Buying
Seeking Alpha· 2024-06-13 11:00
The company's improved profitability was only partially offset by a 2.1% uptick in the diluted share count in the first quarter. That is how CMS' adjusted EPS roared higher as operating revenue fell during the quarter. CMS Q1 2024 Earnings Presentation CMS' first-quarter results prompted management to reiterate its previous midpoint adjusted EPS guidance of $3.32 ($3.29 to $3.35) for 2024. That would represent a 6.8% growth rate over the 2023 base of $3.11. Management also noted that it anticipates adjusted ...
CMS Energy Director Trades Company's Stock
Benzinga· 2024-06-10 15:00
About CMS Energy A substantial insider sell was reported on June 10, by JON BARFIELD, Director at CMS Energy CMS, based on the recent SEC filing. CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 202 ...