CMS Earnings Prediction
The chart below shows how CMS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CMS sees a -1.66% change in stock price 10 days leading up to the earnings, and a +0.57% change 10 days following the report. On the earnings day itself, the stock moves by +0.75%. This data can give you a slight idea of what to expect for the next quarter's release.
CMS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.99B
2.00%
14.11%
Gross Margin
48.82%
2.80%
-3.08%
Operating Margin
21.37%
2.64%
1.47%
Net Margin
10.85%
0.28%
-23.38%
EPS
0.88
-15.38%
4.76%
No Data Available
CMS Earnings Analysis
CMS Energy Corp Corporation (CMS.N) Earnings Conference Call
Positive
Strong EPS Performance: CMS Energy reported adjusted EPS of $3.34 for 2024, exceeding the high end of guidance and reflecting strong financial performance.
Infrastructure Investment Success: The company successfully invested $3.3 billion in its electric and gas systems, enhancing safety, reliability, and cleanliness for its three million customers.
Utility Investment Plan Increase: CMS Energy's five-year utility customer investment plan increased to $20 billion, up $3 billion from the previous plan, supporting 8.5% rate-based growth through 2029.
Adjusted EPS Guidance Increase: The 2025 adjusted EPS guidance was raised to a range of $3.54 to $3.60, indicating a projected growth of 6% to 8% from 2024 levels.
Energy Efficiency Incentives: The company anticipates approximately $60 million per year in incentives from energy efficiency programs, bolstered by supportive regulatory outcomes.
Negative
Weather-Related Financial Challenges: For the second year in a row, we experienced significant weather-related financial headwinds, primarily in the form of mild winter temperatures in the first and fourth quarters, with 2024 recording the warmest winter in the last 25 years based on heating degree days.
Weather-Driven Financial Challenges: Despite achieving adjusted net income of $998 million, the company faced challenges due to weather-driven headwinds that negatively impacted financial performance throughout the year.
2025 Earnings Guidance Variance: The anticipated negative variance of $0.37 to $0.43 per share in 2025 guidance is largely attributed to the reversal of select countermeasures in 2024 and expected capital costs associated with parent financings.
Operating Expenses Increase: Operating expenses are expected to increase due to vegetation management and other electric reliability-related costs, which will offset the benefits from the closure of remaining coal units midyear.
External Financing Strategy: The company plans to issue approximately $1.3 billion of new long-term debt and up to $500 million of equity in 2025, indicating a reliance on external financing to support its increased capital plan.
CMS FAQs
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CMS Earning Call Sentiment
CMS Energy Corporation (NYSE:CMS) Q4 2024 Earnings Call Transcript
CMS.N
1.12%Positive
The earnings call reflects strong financial performance, with EPS and net income growth, robust guidance, and a solid dividend payout plan. The Q&A section reveals confidence in renewable projects, legislative support for growth, and constructive regulatory outcomes, although there are some vague responses. Positive catalysts include a record high revenue and reaffirmed guidance, while the ATM acquisition program may slightly temper enthusiasm. Overall, the sentiment is positive, predicting a 2% to 8% stock price increase.
