NEW YORK and TOKYO, Nov. 01, 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 correction to a number in the second paragraph of its press release sent out on October 30, 2024. In the release, the sentence read: “The Company projects 115% sales growth across its software business as a result of this new transition.” The release has been corrected to read: “The Comp ...

CMS Energy (CMS) reported $1.74 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 4.2%. EPS of $0.84 for the same period compares to $0.61 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.83 billion, representing a surprise of -4.86%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $0.78.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

Financial Data and Key Metrics Changes - For the first nine months of 2024, the company reported adjusted earnings per share (EPS) of $2.47, an increase of $0.41 compared to the same period in 2023, primarily driven by favorable outcomes in electric and gas rate cases [20][24]. - The company reaffirmed its full-year guidance range for 2024 at $3.29 to $3.35 per share, with a bias towards the high end, and initiated guidance for 2025 at $3.52 to $3.58 per share, reflecting 6% to 8% growth off the midpoint of the 2024 range [21][35]. Business Line Data and Key Metrics Changes - The company experienced a favorable variance of $0.10 per share due to better weather conditions in Q3 2024 compared to the previous year, which positively impacted the electric business [25]. - Rate relief net of investment costs contributed $0.18 per share to the positive variance, stemming from constructive outcomes in the electric rate order and benefits from the previous gas rate case settlement [26]. Market Data and Key Metrics Changes - The company noted a significant economic development tailwind in Michigan, with over 6 gigawatts of load looking to either move to or expand in the state, 60% of which is manufacturing [15]. - The company highlighted a manufacturing renaissance in Michigan, driven by onshoring and state attributes, which is expected to bring jobs and commercial activity [13]. Company Strategy and Development Direction - The company is focused on a $7 billion electric reliability roadmap aimed at improving reliability performance and resilience through targeted investments in the electric grid [10]. - The upcoming renewable energy plan (REP) will detail clean energy investments and plans to meet targets set by Michigan's clean energy law, which is expected to provide a strong tailwind for the company [9]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver 6% to 8% EPS growth, supported by favorable regulatory outcomes and a strong economic development pipeline [62][67]. - The management team emphasized the importance of proactive investments in reliability and service improvements, which are expected to lower costs for customers [52][106]. Other Important Information - The company has completed all planned financings for the year ahead of schedule, ensuring ample liquidity for future needs [38]. - The company is working collaboratively with the commission to potentially establish a new tariff structure for data centers to ensure residential customers are not subsidizing these operations [48]. Q&A Session Summary Question: Data center demand and grid capacity - Management confirmed that Michigan has the electric infrastructure to support data centers and is working closely with them to meet their load ramp-up timelines [44][46]. Question: Storm and resiliency audits - Management indicated that the findings from the Liberty audit will be incorporated into the five-year reliability plan, enhancing capital investments for better service [51][97]. Question: NorthStar and capacity auctions - Management noted that the NorthStar business continues to perform well, with strength in capacity and energy markets, securing contracts above expectations [56]. Question: Renewable Energy Plan (REP) and sales growth - Management confirmed that the REP will reflect visibility in sales growth from data centers and manufacturing, driving additional renewable assets [91][93]. Question: Cost increases in insurance and IT - Management explained that higher costs in insurance and IT were trending ahead of budget, necessitating adjustments in funding for the year [84][86].

CMS Energy Corporation (CMS) reported third-quarter 2024 earnings per share (EPS) of 84 cents, which beat the Zacks Consensus Estimate of 78 cents by 7.7%. The bottom line also improved 40% from 60 cents in the prior-year quarter. The year-over-year improvement can be attributed to higher revenues and operating income.RevenuesOperating revenues totaled $1.74 billion, which lagged the Zacks Consensus Estimate of $1.83 billion by 4.9%. The top line, however, increased 4.2% on a year-over-year basis.Operationa ...

Third Quarter 2024 Results & Outlook October 31, 2024 CMS ENERGY This presentation is made as of the date hereof and contains "forward-looking statements" as defined in Rule 3b-6 of the Securities Exchange Act of 1934, Rule 175 of the Securities Act of 1933, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in CMS Energy's and Consumer ...

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 ...

NEW YORK and TOKYO, Oct. 30, 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 it has expanded its flagship CMS platform to include a Software as a Service ("SaaS") model, in addition to its legacy on-premises version. As part of this transition, HeartCore will leverage the Amazon Web Services ("AWS") infrastructure and collaborate with the AWS team to enhance the pr ...