CMS Energy Reaffirmed FY24 Adj. EPS Guidance At $3.29-$3.35 (Est. $3.33) And Long-Term Adj. EPS Growth Of 6%-8%, With Continued Confidence Toward High End
Portfolio Pulse from Benzinga Newsdesk
CMS Energy has reaffirmed its FY24 adjusted EPS guidance in the range of $3.29-$3.35, aligning with the estimated $3.33. The company also maintains its long-term adjusted EPS growth forecast of 6%-8%, expressing continued confidence in achieving the higher end of this range.
April 25, 2024 | 10:37 am
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CMS Energy reaffirms its FY24 adjusted EPS guidance at $3.29-$3.35, in line with estimates, and expects 6%-8% long-term EPS growth.
Reaffirming both the FY24 EPS guidance and the long-term growth rate, especially with confidence towards the higher end, is a positive signal to investors. It suggests that CMS Energy is on track to meet or exceed its financial targets, which could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100