CMS Energy (CMS) Misses Q1 EPS by 2c, Reaffirms FY16 Guidance

CMS Energy (NYSE: CMS) reported Q1 EPS of $0.59, $0.02 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $2.29 billion.

CMS Energy reaffirmed its guidance for 2016 adjusted earnings of $1.99 to $2.02 per share. This is consistent with the company's 2016 plan of 5% to 7% annual adjusted earnings per share growth. Starting in 2017 CMS has increased its earnings per share guidance to 6% to 8% based on projected increases in capital investment.

For earnings history and earnings-related data on CMS Energy (CMS) click here.

You May Also Be Interested In

• SYNNEX Corp. (SNX) Tops Q3 EPS by $1.04, Beats on Revenue; Offers Q4 Guidance
• BlackBerry shares gain premarket as Q2 results, guidance beat estimates
• Paychex (PAYX) Tops Q1 EPS by 2c