CMS Energy Q3 Earnings Beat Estimates, Revenues Improve Y/Y

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 ...