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

CMS Energy (NYSE:CMS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.74b (up 4.2% from 3Q 2023).
• Net income: US$251.0m (up 44% from 3Q 2023).
• Profit margin: 14% (up from 10% in 3Q 2023).
• EPS: US$0.84 (up from US$0.60 in 3Q 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 6.0%. Earnings per share (EPS) exceeded analyst estimates by 8.2%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Integrated Utilities industry in the US.

Performance of the American Integrated Utilities industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for CMS Energy (1 is a bit unpleasant!) that you should be aware of.

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