CMS Energy Corporation (NYSE:CMS) energy utility firm, is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.72 per share.
Looking ahead, the full year income are expected at $ 2.66 per share on the revenues of $ 6888.91 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.64 ~ $ 2.68 per share
Click Here For More Historical Outlooks Of CMS Energy Corporation
Previous Quarter Performance
CMS Energy Corporation unfold income for the second quarter of $ 0.49 per share, from the revenue of $ 1,443.00 million. The quarterly earnings escalated 48.48 percent while revenues decreased 0.14 percent compared with the same quarter last year.
According to street consensus, CMS was expected to report 2Q20 income of $ 0.42 per share from revenue of $ 1502.01 million. The bottom line results beat street analysts by $ 0.07 or 16.67 percent, at the same time, top line results fell short of analysts by $ 59.01 million or 3.93 percent.
Stock Performance
Shares of CMS Energy Corporation traded low $ -1.71 or -2.60 percent on Wednesday, reaching $ 63.97 with volume of 2.03 million shares. CMS Energy Corporation has traded high as $ 65.73 and has cracked $ 63.94 on the downward trend
According to the previous trading day, closing price of $ 63.97, representing a 42.69 % increase from the 52 week low of $ 46.03 and a 5.05 % decrease over the 52 week high of $ 69.17.
The company has a market capital of $ 18.31 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Conference Call
CMS Energy Corporation will be hosting a conference call at 9:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cmsenergy.com
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity.
