UPDATE: CMS Energy (CMS) Tops Q1 EPS by 7c, Revenues Miss; Maintains FY20 EPS Guidance Above Consensus
CMS Energy (NYSE: CMS) reported Q1 EPS of $0.86, $0.07 better than the analyst estimate of $0.79. Revenue for the quarter came in at $1.86 billion versus the consensus estimate of $2.08 billion.
"Consumers Energy is focused on the safety and health of our co-workers, customers, and the communities we serve during these unprecedented times," said Patti Poppe, President and CEO of CMS Energy and Consumers Energy. "We are especially mindful of our duty to deliver essential services to those on the front line of the pandemic and we are working hard to deliver safe and reliable energy to Michigan's homes and hospitals."
GUIDANCE:
CMS Energy sees FY2020 EPS of $2.64-$2.68, versus the consensus of $2.63.
- As the ultimate impacts of the pandemic on Michigan's economy and our business remain uncertain, at this time CMS Energy is not changing guidance for 2020 adjusted earnings of $2.64 - $2.68* per share, as announced on January 30th
- CMS Energy will discuss the financial risks and sensitivities related to COVID-19 in more detail during its earnings webcast on April 27.
For earnings history and earnings-related data on CMS Energy (CMS) click here.