CMS Energy (CMS) To Post Q4 Earnings: What's In The Cards?
Zacks Investment Research | Jan 26, 2020 09:32PM ET
CMS Energy Corporation (NYSE:CMS) is set to report fourth-quarter and full-year 2019 results on Jan 30, before market open. In the last reported quarter, the company delivered a negative earnings surprise of 3.08%.
However, in the trailing four quarters, CMS Energy came up with average positive earnings surprise of 17.74%.
Let's take a detailed look at the factors that are likely to have influenced this electricity provider’s performance in the fourth quarter.
Factors to Consider
During most of the fourth quarter of 2019, the company’s service territories experienced heavy precipitation. Further, the quarter ended with above-normal snowfall. Such weather conditions are likely to have resulted in high electricity demand, which, in turn, must have boosted CMS Energy’s top line in the soon-to-be-reported quarter.
For the fourth quarter, the Zacks Consensus Estimate for the company’s revenues is pegged at $1.88 billion, indicating 2.6% improvement from the figure reported in the year-ago quarter.
Such solid top-line growth is expected to have boosted the company’s fourth-quarter earnings. Moreover, positive settlement agreement for its gas and electric rate cases in the recent past is likely to have benefited CMS Energy’s bottom line.
CMS Energy Corporation Price and EPS Surprise
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