Wall Street's Insights Into Key Metrics Ahead of CMS Energy (CMS) Q1 Earnings

Wall Street analysts forecast that CMS Energy (CMS) will report quarterly earnings of $1.11 per share in its upcoming release, pointing to a year-over-year increase of 14.4%. It is anticipated that revenues will amount to $2.29 billion, exhibiting an increase of 5.4% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 6.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.With that in mind, let's delve into the average projections of some CMS Energy metrics that are commonly tracked and projected by analysts on Wall Street.The combined assessment of analysts suggests that 'Operating revenue- NorthStar Clean Energy' will likely reach $72.24 million. The estimate indicates a year-over-year change of -8.6%.According to the collective judgment of analysts, 'Operating revenue- Gas utility' should come in at $1.01 billion. The estimate indicates a change of +5% from the prior-year quarter.Analysts expect 'Operating revenue- Electric utility' to come in at $1.17 billion. The estimate indicates a change of +3.7% from the prior-year quarter.The collective assessment of analysts points to an estimated 'Net income (loss)- NorthStar Clean Energy' of $17.33 million. Compared to the current estimate, the company reported $31 million in the same quarter of the previous year.View all Key Company Metrics for CMS Energy here>>>CMS Energy shares have witnessed a change of -0.8% in the past month, in contrast to the Zacks S&P 500 composite's -5.6% move. With a Zacks Rank #2 (Buy), CMS is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CMS Energy Corporation (CMS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks