CMS Energy: Q3 Earnings Insights

CMS Energy CMS reported its Q3 earnings results on Thursday, October 27, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

CMS Energy missed estimated earnings by 12.5%, reporting an EPS of $0.56 versus an estimate of $0.64.

Revenue was up $299.00 million from the same period last year.

Last quarter the company beat on EPS by $0.07 which was followed by a 0.29% increase in the share price the next day.

Here's a look at CMS Energy's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.46	1.12	0.44	0.54
EPS Actual	0.53	1.20	0.47	0.54
Revenue Estimate	1.60B	2.10B	1.73B	1.59B
Revenue Actual	1.92B	2.37B	2.03B	1.73B

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).

CMS Energy management provided guidance for FY 2023, expecting earnings between $3.05 and $3.11 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.

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