CMS Energy (NYSE: CMS) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), CMS Energy beat expectations on revenues and missed estimates on earnings per share.

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

Margins contracted across the board.

Revenue details
CMS Energy tallied revenue of $1.41 billion. The three analysts polled by S&P Capital IQ anticipated revenue of $1.36 billion on the same basis. GAAP reported sales were 5.5% higher than the prior-year quarter's $1.33 billion.

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 $0.29. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.31 per share. GAAP EPS of $0.29 for Q2 were 22% lower than the prior-year quarter's $0.37 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 16.5%, much worse than the prior-year quarter. Operating margin was 16.5%, 390 basis points worse than the prior-year quarter. Net margin was 5.7%, 180 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.69 billion. On the bottom line, the average EPS estimate is $0.56.

Next year's average estimate for revenue is $6.56 billion. The average EPS estimate is $1.65.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 137 members out of 159 rating the stock outperform, and 22 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 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 $29.58.

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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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. 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.