Core Viewpoint - CMS Energy Corporation reported strong third-quarter 2024 earnings, with EPS of 84 cents, exceeding estimates and showing significant year-over-year growth [1] Revenue Performance - Operating revenues reached $1.74 billion, falling short of the Zacks Consensus Estimate of $1.83 billion by 4.9%, but increased by 4.2% year-over-year [2] Operational Performance - Operating expenses were $1.38 billion, a decrease of 1.9% from the previous year [3] - Net income for the quarter was $253 million, up from $176 million year-over-year, surpassing the projected $232 million [3] - Interest charges amounted to $178 million, reflecting an 8.5% increase from the prior year [3] Financial Condition - Cash and cash equivalents stood at $412 million as of September 30, 2024, compared to $227 million at the end of 2023 [4] - Total debt and financial leases were $15.45 billion, up from $14.86 billion at the end of 2023 [4] - Cash generated from operating activities in the first nine months of 2024 was $1.97 billion, compared to $1.90 billion in the same period last year [4] 2024 Guidance - The company reaffirmed its 2024 adjusted EPS guidance of $3.29-$3.35, with the Zacks Consensus Estimate at $3.33, aligning closely with the midpoint of the guidance [5] 2025 Guidance - CMS Energy introduced its adjusted earnings guidance for 2025, expecting EPS in the range of $3.52-$3.58, while the Zacks Consensus Estimate is at $3.60, above the company's range [6] Zacks Rank - CMS Energy currently holds a Zacks Rank 4 (Sell) [7]

Financial Performance & Outlook - CMS Energy's adjusted EPS for YTD 2024 is $247[36], showing an increase compared to 2023, with confidence in achieving the full-year outlook - The company projects an adjusted EPS guidance of $329 to $335 for full-year 2024[36], aiming towards the higher end of the range - For 2025, the adjusted EPS guidance is set at $352 to $358[37], also targeting the higher end - The long-term adjusted EPS growth is projected at +6% to +8%[6,37], with a dividend per share growth also around +6% to +8%[6,37], targeting a ~60% payout ratio over time[37] Capital Investments & Financings - The utility capital plan is estimated at $17 billion[37], which is planned to be updated on the Q4 call - Consumers Energy completed first mortgage bond financings of approximately $13 billion[45], slightly exceeding the planned $1275 billion[45] - CMS Energy completed contracted equity issuances of approximately $266 million[46], aligning with the planned amount of ~$266 million[46] Regulatory & Operational Highlights - A new Michigan Energy Law is in effect from June 1, 2024[7,57], including a Renewable Portfolio Standard targeting 60% by 2035[11] and a Clean Energy Standard aiming for 100% by 2040[14] - The company is undertaking an Electric Reliability Roadmap with ~$4 billion in prior 5-year capital investments and a current filing of ~$7 billion + $3 billion[29], focusing on proactive grid enhancements - CMS Energy has secured 1350 MW of cumulative contracted load since 2015[32] through expansive economic development efforts, including investments from companies like Hemlock Semiconductor (~$375 million)[32], Ford Blue Oval Battery Park (~$26 billion)[32], and Corning Inc ($900 million)[32]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ | --- | --- | --- | --- | |---------------------|-------|----------------------------------------------------------------------------- ...

CMS Energy (CMS) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this energy company would post earnings of $0.63 per share when it actually produced earnings of $0.66, delivering a surprise of 4.76%.Over the last four quarters, the company h ...

Exhibit 99.1 CMS Energy Announces Third Quarter Results, Introduces 2025 Guidance JACKSON, Mich., Oct. 31, 2024 – CMS Energy announced today reported earnings per share of $0.84 for the third quarter of 2024, compared to $0.60 per share for the same quarter in 2023. The company's adjusted earnings per share for the third quarter were $0.84, compared to $0.61 per share for the same quarter in 2023. For the first nine months of the year, the company reported $2.45 per share compared to $1.96 per share for the ...

JACKSON, Mich., Oct. 31, 2024 /PRNewswire/ -- CMS Energy announced today reported earnings per share of $0.84 for the third quarter of 2024, compared to $0.60 per share for the same quarter in 2023. The company's adjusted earnings per share for the third quarter were $0.84, compared to $0.61 per share for the same quarter in 2023. For the first nine months of the year, the company reported $2.45 per share compared to $1.96 per share for the same timeframe in 2023. The company's adjusted earnings per share o ...

Core Insights - HeartCore Enterprises, Inc. has expanded its flagship CMS platform to include a Software as a Service (SaaS) model alongside its traditional on-premises version [1][2] - The company will utilize Amazon Web Services (AWS) infrastructure to enhance product capabilities, including a redesigned user interface and improved Management Screen Builder [2][3] - HeartCore aims to diversify its revenue streams by increasing recurring sales through license subscriptions and maintenance fees, projecting a 115% sales growth in its software business due to this transition [2][3] Company Overview - HeartCore Enterprises is a leading enterprise software and consulting services company headquartered in Tokyo, Japan, offering SaaS solutions and data analytics services [4] - The company's customer experience management platform includes various systems and tools designed to enhance customer engagement [4] - HeartCore also provides digital transformation services, including robotics process automation and consulting services to assist Japanese companies in going public in the U.S. [4]

Analysts on Wall Street project that CMS Energy (CMS) will announce quarterly earnings of $0.78 per share in its forthcoming report, representing an increase of 27.9% year over year. Revenues are projected to reach $1.83 billion, increasing 9.5% from the same quarter last year. The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ...

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for CMS Energy, with a focus on how actual results compare to estimates, which could significantly impact stock price [1] Earnings Expectations - CMS Energy is expected to report quarterly earnings of $0.78 per share, reflecting a year-over-year increase of +27.9% [2] - Revenues are projected to be $1.83 billion, representing a 9.6% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 0.27% higher in the last 30 days, indicating a slight positive reassessment by analysts [3] - However, the Most Accurate Estimate for CMS Energy is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -0.13%, suggesting a bearish outlook [6] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [5] - CMS Energy currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [6] Historical Performance - In the last reported quarter, CMS Energy exceeded expectations by posting earnings of $0.66 per share against an estimate of $0.63, resulting in a surprise of +4.76% [7] - Over the past four quarters, CMS Energy has beaten consensus EPS estimates three times [7] Conclusion - Despite the potential for an earnings beat, CMS Energy does not appear to be a compelling candidate for a positive surprise based on current estimates and rankings [8]

NEW YORK and TOKYO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced a strategic shift from annual contracts to multi-year agreements around its core software business contracts. Since achieving profitability across its software business in Q1 2024, HeartCore has maintained a strong focus on its sales and marketing strategies to drive growth and sustain pos ...