CMS Energy's Focus on Renewable Power Generation and Q2 Profit Projection

CMS Energy Corporation (CMS), valued at $21.1 billion, focuses on renewable power generation and plans to retire all coal plants by 2040. Analysts project a Q2 profit of $0.63 per share, down 4.6% from last year. CMS expects EPS to grow 7.5% in fiscal 2025 and 7.8% in 2026. The stock has rallied 19.7% in the past year, outpacing the S&P 500.

Despite mixed Q1 earnings, CMS reported operating revenue growth of 12.5% to $2.4 billion, beating estimates. The company’s adjusted EPS of $1.02 fell short of forecasts by 2.9%. CMS reaffirmed its fiscal 2025 guidance with an expected adjusted EPS range of $3.54 to $3.60, reassuring investors and leading to a slight stock price increase.

Wall Street analysts have a “Moderate Buy” rating on CMS, with a mean price target of $77.25, indicating a 9.6% potential upside. Among 17 analysts, 10 recommend “Strong Buy” and seven suggest “Hold.” This information is solely for informational purposes, with no positions held by the author.

Read more at Yahoo Finance: What You Need to Know Ahead of CMS Energy’s Earnings Release