CMS Energy (NYSE:CMS) reported its Q1 earnings results on Tuesday, May 3, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
CMS Energy beat estimated earnings by 7.14%, reporting an EPS of $1.2 versus an estimate of $1.12.
Revenue was up $291.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 0.05% increase in the share price the next day.
Here's a look at CMS Energy's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.44 | 0.54 | 0.43 | 1.14 |
| EPS Actual | 0.47 | 0.54 | 0.55 | 1.21 |
| Revenue Estimate | 1.73B | 1.59B | 1.49B | 2.06B |
| Revenue Actual | 2.03B | 1.73B | 1.56B | 2.08B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
CMS Energy management provided guidance for FY 2022, expecting earnings between $2.85 and $2.89 per share.
To track all earnings releases for CMS Energy visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
