CMS Energy (CMS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - CMS Energy reported $1.74 billion in revenue for Q3 2024, a year-over-year increase of 4.2%, with an EPS of $0.84 compared to $0.61 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $1.83 billion, resulting in a surprise of -4.86%, while the EPS exceeded expectations by +7.69% against a consensus estimate of $0.78 [1] Financial Performance Metrics - NorthStar Clean Energy's operating revenue was $82 million, below the four-analyst average estimate of $107.54 million, reflecting a year-over-year change of +5.1% [3] - Consumers Energy (Electric+Gas) reported operating revenue of $1.66 billion, slightly below the four-analyst average estimate of $1.73 billion, with a year-over-year change of -0.7% [3] - NorthStar Clean Energy reported a net loss of $11 million, significantly lower than the average estimate of $18.63 million from two analysts [3] Stock Performance - CMS Energy's shares have returned -1.6% over the past month, contrasting with the Zacks S&P 500 composite's +1% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]