CMS Sees FY24 Adjusted EPS Of $3.27-$3.33 Vs. Consensus $3.35
Portfolio Pulse from Benzinga Newsdesk
CMS Energy Corporation has projected its FY24 adjusted EPS to be between $3.27 and $3.33, which is lower than the consensus estimate of $3.35.
October 26, 2023 | 10:38 am
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NEGATIVE IMPACT
CMS Energy's lower than expected FY24 adjusted EPS forecast could potentially negatively impact its stock price in the short term.
Earnings per share (EPS) is a key indicator of a company's profitability. A lower than expected EPS forecast often leads to a negative market reaction as it indicates that the company may not perform as well as expected. Therefore, CMS Energy's stock price could potentially be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
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