CMS Energy Q3 Adj. EPS $0.61 Misses $0.62 Estimate, Sales $1.67B Miss $2.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
CMS Energy reported Q3 earnings of $0.60 per share, missing the analyst consensus estimate of $0.67 by 10.45%. The company's quarterly sales were $1.67 billion, missing the analyst consensus estimate of $2.12 billion by 21.08%. This represents a 7.14% increase in earnings but a 17.34% decrease in sales compared to the same period last year.
October 26, 2023 | 10:36 am
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CMS Energy's Q3 earnings and sales missed analyst estimates. This could negatively impact investor sentiment and the company's stock price in the short term.
CMS Energy's Q3 earnings and sales fell short of analyst estimates, which could lead to a negative market reaction. Investors often use these estimates as a benchmark, and when companies fail to meet them, it can result in a decrease in the stock price.
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