NYSE$CMS

CMS Energy Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

CMS Energy reported Q3 2021 earnings with confidence toward the high end of 2021 guidance.

CMS Energy announced earnings per share from continuing operations of $0.54 for the third quarter of 2021. The company raised its full-year 2021 adjusted earnings from continuing operations guidance to $2.63 to $2.65 per share and reaffirmed 2022 adjusted earnings guidance of $2.85 - $2.87 per share.

  • Reported earnings per share from continuing operations were $0.54 for Q3 2021, compared to $0.72 per share for the same quarter in 2020.
  • Adjusted earnings per share from continuing operations were $0.54 for Q3 2021, compared to $0.73 per share for the same quarter in 2020.
  • CMS Energy closed the sale of EnerBank on October 1 for over $1 billion.
  • Full-year 2021 adjusted earnings from continuing operations guidance raised to $2.63 to $2.65 per share.

Headline financials

Total Revenue

$1.73B

Previous: $1.58B+9.5%
EPS (adj)

$0.64

Previous: $0.77-16.9%
Capital Expenditures

-$1.44B

Previous: -$1.7B+15.0%
Free Cash Flow

-$1.25B

Previous: -$1.48B+15.3%
Net Income

$189M

Previous: $218M-13.3%
Operating Income

$260M

Previous: $369M-29.5%
Gross Profit

$1.54B

Previous: $1.47B+5.0%
Cash & Equivalents

$102M

Previous: $519M-80.3%
Total Assets

$30.5B

Previous: $29.3B+4.2%

Revenue & EPS history

CMS Energy · Revenue · Quarterly

$1.73B

Q3 2021+9.5%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

CMS Energy raised its full-year 2021 adjusted earnings from continuing operations guidance to $2.63 to $2.65 per share and reaffirmed 2022 adjusted earnings guidance of $2.85 - $2.87 per share and long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end of the EPS growth range.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.1%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+0.5%

Avg return

30 days after

55%

37 / 67 earnings

Positive

+3.9%

Q1 2011

Best reaction

-10.1%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-0.0%-4.3%
Q3 2025+1.4%+0.9%+4.4%
Q1 2025+1.3%-2.0%-0.7%
Q4 2024-0.2%-0.0%-0.6%
Q3 2024-2.6%-1.4%-0.6%
Q2 2024+0.8%+4.2%+7.4%
Q1 2024-0.6%-2.8%+0.4%
Q4 2023+1.1%-1.2%+1.7%
Q3 2023-0.3%-0.2%+5.8%
Q2 2023-3.8%-4.7%-9.9%
Q1 2023-0.2%+1.5%+1.7%
Q4 2022-1.5%-2.0%-6.1%
Q3 2022+3.6%+2.5%+9.6%
Q2 2022+3.0%+3.3%+3.1%
Q1 2022+1.6%+1.6%-1.9%
Q4 2021+1.1%+1.5%+4.7%
Q3 2021+0.0%+0.1%-0.4%
Q2 2021-0.8%+1.6%+3.1%
Q1 2021+0.0%+0.8%+5.5%
Q4 2020+0.4%-1.1%-3.2%
Q3 2020-1.0%+2.1%-3.1%
Q2 2020-1.7%-2.0%-3.8%
Q1 2020-10.1%-11.9%-7.8%
Q4 2019+1.8%+0.1%-10.2%
Q3 2019+0.6%-0.5%-2.4%
Q2 2019+1.2%+0.9%+6.2%
Q1 2019-1.0%-0.8%+0.0%
Q4 2018-0.0%+1.8%+4.4%
Q3 2018-4.7%-3.6%-2.0%
Q2 2018+0.5%+1.0%+3.1%
Q1 2018+2.9%+2.6%-0.5%
Q4 2017+1.6%+2.7%+2.9%
Q2 2017+1.6%+2.7%+2.9%
Q3 2017+0.5%+0.8%+3.1%
Q1 2017-0.2%+0.1%+4.4%
Q4 2016+1.1%+1.1%+3.0%
Q2 2016+1.1%+1.1%+3.0%
Q3 2016-0.8%-0.3%-2.5%
Q1 2016+1.6%
Q2 2015-0.7%
Q4 2015-0.7%
Q3 2015-0.5%
Q1 2015+0.3%
Q2 2014-3.4%
Q4 2014-3.4%
Q3 2014+1.1%
Q1 2014+1.1%
Q4 2013+1.4%
Q2 2013+1.4%
Q3 2013+1.2%
Q1 2013-0.5%
Q4 2012+1.3%
Q2 2012+1.3%
Q3 2012+1.4%
Q4 2011+3.2%
Q1 2012+2.3%
Q2 2011+0.7%
Q3 2011+1.2%
Q1 2010+3.9%
Q1 2011+3.9%
Q2 2010-1.1%
Q4 2008-1.1%
Q4 2010-1.1%
Q3 2010+0.4%
Q3 2009+0.4%
Q2 2009-2.5%
Q4 2009-2.5%

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