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CMS Energy Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 33 cents per share, a rise of 26.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 30 cents. Between one and three months ago, the average estimate moved up. It has risen from 31 cents during the last month. Analysts are projecting profit to rise by 6.2% versus last year to $1.54.
Past Earnings Performance: Last quarter, the company missed estimates by 2 cents, coming in at profit of 37 cents per share versus a mean estimate of net income of 39 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by one cent.
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A Look Back: In the first quarter, profit fell 50.4% to $67 million (22 cents a share) from $135 million (52 cents a share) the year earlier, missing analyst expectations. Revenue fell 15.2% to $1.74 billion from $2.06 billion.
Wall St. Revenue Expectations: Analysts are projecting a rise of 14% in revenue from the year-earlier quarter to $1.55 billion.
Stock Price Performance: Between April 25, 2012 and July 20, 2012, the stock price rose $2.22 (9.9%), from $22.32 to $24.54. The stock price saw one of its best stretches over the last year between April 23, 2012 and May 1, 2012, when shares rose for seven straight days, increasing 5.1% (+$1.13) over that span. It saw one of its worst periods between June 18, 2012 and June 25, 2012 when shares fell for six straight days, dropping 3.1% (-75 cents) over that span.
On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 3.7% in the fourth quarter of the last fiscal year and dropped again in the first quarter.
There has enjoyed solid performance recently heading into this earnings announcement with profit rising by a year-over-year average of 7.9% for the last four quarters.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.25 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.
Analyst Ratings: With nine analysts rating the stock a buy, none rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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