CMS Energy (NYSE: CMS ) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), CMS Energy met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share increased significantly.
Gross margins shrank, operating margins expanded, net margins grew.
CMS Energy booked revenue of $1.98 billion. The two analysts polled by S&P Capital IQ anticipated sales of $1.97 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $1.74 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 $0.53. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.50 per share. GAAP EPS of $0.53 for Q1 were 112% higher than the prior-year quarter's $0.25 per share. (The prior-year quarter included $0.03 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.6%, 800 basis points worse than the prior-year quarter. Operating margin was 16.6%, 580 basis points better than the prior-year quarter. Net margin was 7.3%, 350 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.41 billion. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $6.58 billion. The average EPS estimate is $1.65.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 135 members out of 157 rating the stock outperform, and 22 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give CMS Energy a green thumbs-up, and six 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 $27.27.
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