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CMS Energy (CMS)
NYSE:CMS
Holding CMS?
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.87Last Year’s EPS
$1.05Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -4.27%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call presents a positive outlook with strong EPS growth, benefits from Michigan's Clean Energy Law, and significant economic development in Michigan. However, challenges include increased Q4 costs, potential regulatory hurdles, and possible equity needs for future investments. Overall, the company's performance and future prospects are strong, with a clear strategy to tackle the challenges.Company Guidance
In the third quarter earnings call, CMS Energy reaffirmed its 2024 guidance, projecting adjusted earnings per share (EPS) in the range of $3.29 to $3.35, with expectations skewed towards the higher end. The company initiated its 2025 guidance with an EPS range of $3.52 to $3.58, reflecting a 6% to 8% growth from the midpoint of the 2024 guidance. Year-to-date, CMS Energy reported adjusted EPS of $2.47, marking a $0.41 increase from the previous year, driven by favorable rate relief outcomes and strong performance in its NorthStar segment. The company highlighted its commitment to Michigan's clean energy law, aiming for 6% to 8% EPS growth, and announced plans to replace outdated power purchase agreements with new renewable assets. Furthermore, CMS Energy discussed its 5-year $7 billion electric reliability road map and economic development in Michigan, emphasizing the manufacturing renaissance and data center growth in its service area.Strong EPS Growth
CMS Energy reported adjusted earnings per share of $2.47 for the first 9 months of 2024, up $0.41 versus the same period in 2023, driven by constructive rate case outcomes and solid performance at NorthStar.
Michigan's Clean Energy Law Benefits
The company's investment plans are bolstered by Michigan's Clean Energy Law, which allows for financial compensation mechanisms approximately 9% on power purchase agreements and includes requirements for battery storage, providing a strong tailwind.
Economic Development and Sales Growth
CMS Energy is experiencing a manufacturing renaissance in Michigan with over 700 megawatts of signed contracts in 24 months and a promising economic development pipeline of over 6 gigawatts.
Completion of 2024 Financing Plan
The company completed all planned financings for the year ahead of schedule and at favorable levels, ensuring ample liquidity.
Operational Efficiency
Despite a 10% increase in outages, restoration costs per interruption decreased by over 10%, thanks to cost efficiencies in storm response efforts.
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CMS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $69.58 | $69.08 | -0.72% |
| Jul 25, 2024 | $61.52 | $62.24 | +1.17% |
| Apr 25, 2024 | $58.87 | $59.07 | +0.34% |
| Feb 01, 2024 | $55.32 | $56.94 | +2.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CMS Energy (CMS) report earnings?
CMS Energy (CMS) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is CMS Energy (CMS) earnings time?
CMS Energy (CMS) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMS EPS forecast?
CMS EPS forecast for the fiscal quarter 2024 (Q4) is $0.87.
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