CMS Energy: Q1 Earnings Insights

CMS Energy 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:

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.