CMS Energy (NYSE: CMS) reported earnings on Feb. 21. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CMS Energy whiffed on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded. GAAP earnings per share grew significantly.

Gross margins contracted, operating margins grew, net margins grew.

Revenue details
CMS Energy reported revenue of $1.67 billion. The three analysts polled by S&P Capital IQ wanted to see net sales of $2.08 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.25. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.24 per share. GAAP EPS of $0.25 for Q4 were 67% higher than the prior-year quarter's $0.15 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 12.7%, much worse than the prior-year quarter. Operating margin was 12.7%, 200 basis points better than the prior-year quarter. Net margin was 4.0%, 150 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.92 billion. On the bottom line, the average EPS estimate is $0.48.

Next year's average estimate for revenue is $6.66 billion. The average EPS estimate is $1.64.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 132 members out of 153 rating the stock outperform, and 21 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give CMS Energy a green thumbs-up, and four 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 $25.90.

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