CMS Energy: Q1 Earnings Insights

CMS Energy: Q1 Earnings Insights

 

CMS Energy CMS reported its Q1 earnings results on Tuesday, May 3, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

CMS Energy beat estimated earnings by 7.14%, reporting an EPS of $1.2 versus an estimate of $1.12.

Revenue was up $291.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 0.05% increase in the share price the next day.

Here's a look at CMS Energy's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.44 0.54 0.43 1.14
EPS Actual 0.47 0.54 0.55 1.21
Revenue Estimate 1.73B 1.59B 1.49B 2.06B
Revenue Actual 2.03B 1.73B 1.56B 2.08B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

CMS Energy management provided guidance for FY 2022, expecting earnings between $2.85 and $2.89 per share.

To track all earnings releases for CMS Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews