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CMS Energy(CMS) - 2024 Q2 - Quarterly Report
2024-07-25 14:53
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CMS Energy (CMS) Q2 Earnings Beat, Revenues Improve Y/Y
ZACKS· 2024-07-25 14:50
CMS Energy Corporation (CMS) reported second-quarter 2024 adjusted earnings per share (EPS) of 66 cents, which beat the Zacks Consensus Estimate of 63 cents by 4.8%. The bottom line, however, declined 12% from 75 cents reported in the prior-year quarter. Operating revenues totaled $1.61 billion, which lagged the Zacks Consensus Estimate of $1.69 billion by 5%. The top line, however, increased 3.3% on a year-over-year basis. Interest charges totaled $173 million, up 8.1% from that recorded a year ago. As of ...
CMS Energy (CMS) Surpasses Q2 Earnings Estimates
ZACKS· 2024-07-25 12:41
CMS Energy (CMS) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the e ...
CMS Energy(CMS) - 2024 Q2 - Quarterly Results
2024-07-25 10:38
| --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------|-------|-------|------------------------|-------|-------------------------| | | | | 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 Announces Second Quarter Results, Reaffirms 2024 Adjusted EPS Guidance
Prnewswire· 2024-07-25 10:30
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. ...
What's in Store for These 4 Utilities This Earnings Season?
ZACKS· 2024-07-23 16:10
The Zacks Utilities sector's second-quarter 2024 earnings are expected to have been driven by planned investments to further improve operations, cost-saving initiatives, new electric and gas rates and usage of new technologies that helped in increasing the reliability of services. A few companies like CMS Energy Corporation (CMS) , Edison International (EIX) DTE Energy (DTE) and PG&E Corporation(PCG) are set to report second-quarter earnings on Jul 25. These announcements will provide an insight on how thin ...
CMS Energy's Board of Directors Declares Quarterly Dividend on Common Stock
Prnewswire· 2024-07-22 17:00
The dividend for the common stock (CUSIP: 125896100) is 51.50 cents per share. It is payable Aug. 30, 2024, to shareholders of record on Aug. 2, 2024. For more information on CMS Energy, please visit our website at cmsenergy.com. To sign up for email alert notifications, please visit the Investor Relations section of our website. JACKSON, Mich., July 22, 2024 /PRNewswire/ -- The Board of Directors of CMS Energy has declared a quarterly dividend on the company's common stock. CMS Energy (NYSE: CMS) is a Mich ...
eHealth Applauds Decision by CMS to Retain 2024 Medicare Compensation Guidelines for 2025
Prnewswire· 2024-07-19 13:00
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, ...
Will CMS Energy (CMS) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-07-18 17:15
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider CMS Energy (CMS) . This company, which is in the Zacks Utility - Electric Power industry, shows potential for another earnings beat. For the last reported quarter, CMS Energy came out with earnings of $0.97 per share versus the Zacks Consensus Estimate of $0.92 per share, representing a surprise of 5.43%. For the previous quar ...
CMS Energy (CMS) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2024-07-18 15:09
The earnings report, which is expected to be released on July 25, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $1.69 billion, up 8.8% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.74% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collective ...