CORRECTION: 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 $0.61 per share, missing the analyst consensus estimate of $0.62 by 1.61%. The company also reported quarterly sales of $1.67 billion, missing the analyst consensus estimate of $2.11 billion by 20.67%. This represents a 8.93% increase in earnings but a 17.34% decrease in sales compared to the same period last year.
October 26, 2023 | 11:12 am
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CMS Energy's Q3 earnings and sales missed analyst estimates. This could potentially impact the company's stock negatively in the short term.
CMS Energy's earnings and sales for Q3 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially leading to a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100