CMS Energy (CMS) Misses Q2 Earnings, Retains '17 EPS View
Zacks Investment Research | Jul 27, 2017 09:54PM ET
Jackson, MI-based CMS Energy Corporation (NYSE:CMS) reported second-quarter 2017 earnings per share of 33 cents. The figure missed the Zacks Consensus Estimate of 41 cents by 19.5%. Quarterly earnings also dropped 26.7% from the year-ago figure of 45 cents.
Operational Performance
In the quarter under review, CMS Energy’s operating revenues came in at $1,449 million, beating the Zacks Consensus Estimate of $1,355.5 million by nearly 7%. Moreover, on a year-over-year basis, revenues improved 5.7% from $1,371 million.
The company’s operating expenses increased 10.2% to $1,208 million during the quarter.
Operating income during the second quarter was $241 million, down 12.4% from $275 million a year ago.
CMS Energy’s interest charges were $110 million, up 1.9% from $108 million in the year-ago period.
CMS Energy Corporation Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.