
CMS Energy (CMS) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
CMS Energy (CMS) last issued guidance on October 27, 2026 for fiscal year 2027. The company guided earnings per share in the range of $4.08 - $4.17, compared to a consensus EPS estimate of $4.15.
Compared to prior guidance, CMS Energy maintained its EPS outlook from a previous range of $4.08 - $4.17.
CMS Energy has issued 20 guidance updates between February 2, 2023 and October 27, 2026. During this period, the company raised its outlook 4 times, reflecting management's growing confidence in business performance.
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $1.34 | $0.77 | $1.10 | $0.94 |
| Actual | $1.44 | $0.37 | $1.13 | $0.95 |
| Surprise | +7.46% | -51.9% | +2.73% | +1.06% |
| Revenue | ||||
| Estimate | $2.18B | $1.88B | $2.51B | $2.01B |
| Actual | $2.18B | $1.83B | $2.73B | $2.23B |
| Surprise | +0.20% | -2.89% | +8.61% | +11.3% |
| Metric | Q4 '26E | Q1 '27E | Q2 '27E | Q3 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $1.02 | $1.20 | $0.58 | $1.26 |
| Revenue | ||||
| Consensus | $2.24B | $2.78B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q3 | Oct 27, 2026 | $1.44 | $1.34 | 7.46 % |
| Q2 | Jul 28, 2026 | $0.37 | $0.77 | -51.9 % |
| Q1 | Apr 28, 2026 | $1.13 | $1.10 | 2.73 % |
| Q4 | Feb 5, 2026 | $0.95 | $0.94 | 1.06 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q3 | Oct 27, 2026 | $2.18B | $2.18B | 0.20 % |
| Q2 | Jul 28, 2026 | $1.83B | $1.88B | -2.89 % |
| Q1 | Apr 28, 2026 | $2.73B | $2.51B | 8.61 % |
| Q4 | Feb 5, 2026 | $2.23B | $2.01B | 11.3 % |