Investing.com - CMS Energy reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CMS Energy announced earnings per share of $0.86 on revenue of $1.86B. Analysts polled by Investing.com anticipated EPS of $0.8 on revenue of $2.08B. That with comparison to EPS of $0.75 on revenue of $2.06B in the same period a year before.CMS Energy had reported EPS of $0.68 on revenue of $1.8B in the previous quarter.Analysts are expecting EPS of $0.39 and revenue of $1.52B in the upcoming quarter.
CMS Energy shares are down 5% from the beginning of the year and are trading at $59.40 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.57% year to date.
CMS Energy follows other major Utilities sector earnings this month
CMS Energy's report follows an earnings beat by NextEra Energy on Wednesday, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.27 on revenue of $4.64B.
Kinder Morgan had missed expectations on Wednesday with first quarter EPS of $0.24 on revenue of $3.11B, compared to forecast for EPS of $0.25 on revenue of $3.41B.
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