CMS Energy (CMS) Tops Q4 EPS by 1c; Raises FY21 EPS Guidance

CMS Energy (NYSE: CMS) reported Q4 EPS of $0.56, $0.01 better than the analyst estimate of $0.55. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.79 billion.

"CMS Energy has delivered consistent industry-leading financial results for nearly two decades. That continued in 2020, and we are well positioned for success in 2021," said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. "The company remains committed to lead the clean energy transition by bringing renewable energy and energy waste reduction opportunities to all of our customers. In 2020, we contributed more than $80 million to support our customers and the communities we serve during the pandemic, and we invested more than $700 million in gas, electric and renewable infrastructure to support our clean energy transition."

GUIDANCE:

CMS Energy sees FY2021 EPS of $2.83-$2.87, versus the consensus of $2.85.

• CMS Energy raised its guidance for 2021 adjusted earnings to $2.83 - $2.87* per share (*See below for important information about non-GAAP measures) reflecting continued strong growth of 6 to 8 percent, with a bias toward the midpoint.

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

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