CMS Energy Q2 Adj EPS $0.75 Beats $0.70 Estimate, Sales $1.55B Miss $2.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
CMS Energy reported Q2 adjusted earnings of $0.75 per share, beating the analyst consensus estimate of $0.70 by 7.14%. However, the company's quarterly sales of $1.55 billion missed the analyst consensus estimate of $2.04 billion by 23.77%. This represents a 41.51% increase in earnings but a 19.01% decrease in sales compared to the same period last year.
July 27, 2023 | 10:31 am
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CMS Energy's Q2 earnings exceeded expectations but sales fell short of estimates. This mixed result could lead to uncertainty in the market.
CMS Energy's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The mixed results may lead to uncertainty in the market, potentially impacting the stock's short-term performance.
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