CMS Energy First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

CMS Energy (NYSE:CMS) First Quarter 2024 Results

Key Financial Results

• Revenue: US$2.18b (down 4.7% from 1Q 2023).
• Net income: US$285.0m (up 41% from 1Q 2023).
• Profit margin: 13% (up from 8.8% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.96 (up from US$0.69 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CMS Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 5.1%.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Integrated Utilities industry in the US.

Performance of the American Integrated Utilities industry.

The company's shares are up 3.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for CMS Energy (1 is potentially serious!) that you need to be mindful of.

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