CMS Energy Raises 2024 Adjusted EPS Guidance From $3.27-$3.33 To $3.29-$3.35 (Est. $3.34) And Reaffirms Long-Term Adjusted EPS Growth Of 6-8%, With Continued Confidence Toward High End
Portfolio Pulse from Benzinga Newsdesk
CMS Energy has updated its 2024 adjusted EPS guidance, raising it from $3.27-$3.33 to $3.29-$3.35, slightly above the estimated $3.34. The company also reaffirmed its long-term adjusted EPS growth target of 6-8%, expressing continued confidence in achieving the higher end of this range.
February 01, 2024 | 11:36 am
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CMS Energy raised its 2024 adjusted EPS guidance to $3.29-$3.35, exceeding the estimated $3.34, and reaffirmed its 6-8% long-term EPS growth, indicating strong future performance.
Raising the EPS guidance above market estimates generally signals management's confidence in the company's future earnings potential, which can positively influence investor sentiment and potentially lead to a short-term increase in stock price. The reaffirmation of the long-term growth rate further strengthens the positive outlook, making this news highly relevant and important for investors in CMS Energy.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100