CMS Energy (NYS: CMS) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), CMS Energy whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew.
Gross margins contracted, operating margins increased, net margins expanded.
CMS Energy chalked up revenue of $1.51 billion. The three analysts polled by S&P Capital IQ anticipated net sales of $1.74 billion on the same basis. GAAP reported sales were 2.9% higher than the prior-year quarter's $1.46 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.54. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.54 per share. GAAP EPS of $0.55 for Q3 were 3.8% higher than the prior-year quarter's $0.53 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.8%, 920 basis points worse than the prior-year quarter. Operating margin was 22.8%, 120 basis points better than the prior-year quarter. Net margin was 9.8%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.94 billion. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $6.59 billion. The average EPS estimate is $1.55.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 130 members out of 151 rating the stock outperform, and 21 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give CMS Energy a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CMS Energy is outperform, with an average price target of $25.27.
Can your portfolio provide you with enough income to last through retirement? You'll need more than CMS Energy. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
Add CMS Energy to My Watchlist.
The article CMS Energy Whiffs on Revenues originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.