CMS' fourth-quarter revenues miss the Zacks Consensus Estimate by 7.1%. However, the top line increases 2% from the year-ago level.
Although the revenue and EPS for CMS Energy (CMS) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CMS Energy (CMS) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $1.05 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for CMS Energy (CMS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Investors looking for stocks in the Utility - Electric Power sector might want to consider either CMS Energy (CMS) or PSEG (PEG). But which of these two stocks presents investors with the better value opportunity right now?
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CMS Energy has raised its dividend for 17 consecutive years and has a realistic path to high-single-digit annual adjusted EPS growth. The company enjoys a BBB+ credit rating and shares are priced at a 6% discount to fair value, offering potential 10% annual total returns. CMS' third-quarter results were solid, with a 37.7% year-over-year increase in adjusted EPS, and the company has a strong economic development pipeline in Michigan.
CMS is expected to benefit from its strategic investment plan and expansion of its renewable generation portfolio.
CMS's unit, Consumer Energy, reveals a plan to modernize Michigan's natural gas system to boost safety, reliability and efficiency of its infrastructure.
CMS Energy, a major Michigan utility, serves 6.8 million residents and has a market cap of $20.03 billion. The company serves most of the state outside of Detroit. The population of Michigan appears rather stagnant, so the company will likely have difficulty generating growth through the addition of new customers. CMS Energy plans to invest $17 billion from 2024-2028, aiming for 7.5% rate base growth.
CMS is expected to benefit from its systematic investment plan and expansion of its renewable generation portfolio.
The company boasts a three-year annual EPS growth rate of 9%, a trend expected to continue. The post Dividend Stock CMS Energy Powers Blend Of Growth, Yield, Stability appeared first on Investor's Business Daily.