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CMS Energy (CMS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
CMS EnergyCMS Energy(US:CMS) ZACKSยท2024-10-24 15:06

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]