- Operating revenue was $1.61 billion, an increase of 3.3% year-over-year, but below the estimated $1.71 billion.
- Adjusted Earnings Per Share (EPS) was 66 cents, compared to 75 cents year-over-year.
- Operating expenses amounted to $1.32 billion, up by 1% year-over-year.
- Operating income was $283 million, a 16% increase year-over-year, but missed the estimate of $324 million.
- CMS Energy reaffirmed its 2024 adjusted earnings guidance of $3.29 to $3.35 per share.
- Long-term adjusted EPS growth is projected to be between 6% and 8%, with confidence towards the higher end of the range.
- Analyst recommendations: 11 buys, 8 holds, 1 sell.
Cms Energy Corp on Smartkarma
Analysts at Baptista Research on Smartkarma have initiated coverage on CMS Energy Corporation, providing insights on the company’s enhanced electric distribution system modernization and major growth drivers. The report highlights CMS Energy’s balanced performance in Q1 2024, attributed to strategic investments, operational efficiencies, and a clear focus on growth. The company’s utilization of the CE Way lean operating system has enhanced performance, increased productivity, and effectively managed costs. Moreover, CMS Energy’s commitment to economic development in Michigan showcases its forward-thinking approach towards customer affordability and long-term sustainability.
A look at Cms Energy Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Cms Energy Corp has a positive long-term outlook. With a strong dividend score of 4 and solid momentum score of 4, the company is on track for potential growth and returns. Cms Energy Corp‘s focus on delivering value to its shareholders with a score of 3, along with moderate growth prospects at a score of 3, indicates a balanced approach to financial performance. However, the company’s lower resilience score of 2 suggests some vulnerabilities that may need attention.
CMS Energy Corporation, a Michigan-based energy company, is positioned to leverage its strengths in dividends and momentum for future success. The company provides electricity and natural gas services to customers in Michigan, while also investing in non-utility power generation plants both domestically and internationally. With a solid foundation in place, Cms Energy Corp is well-equipped to navigate the dynamic energy market and drive sustainable growth over the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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