Jackson-based CMS Energy Corporation (CMS) is Michigan’s largest energy provider. It owns and operates independent power generation businesses. Valued at $18.01 billion by market cap, the company provides natural gas and electricity to 6.8 million of the state’s 10 million residents in all 68 Lower Peninsula counties. The leading energy utility is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Thursday, Jul. 25.
Ahead of the event, analysts expect CMS to report a profit of $0.64 per share on a diluted basis, down 14.7% from $0.75 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on one other occasion.
