NYSE$CMS

CMS Energy Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

CMS Energy announced its Q4 2020 results, reporting strong EPS growth and raising its 2021 adjusted EPS guidance.

CMS Energy reported strong financial results for 2020, with adjusted earnings per share of $2.67, compared to $2.49 for 2019. The company raised its guidance for 2021 adjusted earnings to $2.83 - $2.87 per share, reflecting continued strong growth of 6 to 8 percent.

  • CMS Energy delivered consistent industry-leading financial results for nearly two decades.
  • The company contributed more than $80 million to support customers and communities during the pandemic in 2020.
  • CMS Energy invested more than $700 million in gas, electric, and renewable infrastructure to support its clean energy transition in 2020.
  • CMS Energy raised its guidance for 2021 adjusted earnings to $2.83 - $2.87 per share.

Headline financials

Total Revenue

$1.73B

Previous: $1.8B-3.8%
EPS (adj)

$0.55

Previous: $0.59-6.8%
Capital Expenditures

$620M

Previous: $534M+16.1%
Free Cash Flow

-$488M

Previous: -$139M-251.1%
Net Income

$158M

Previous: $680M-76.8%
Operating Income

$352M

Previous: $311M+13.2%
Gross Profit

$728M

Previous: $660M+10.3%
Cash & Equivalents

$32M

Previous: $140M-77.1%
Total Assets

$29.7B

Previous: $26.8B+10.5%

Revenue & EPS history

CMS Energy · Revenue · Quarterly

$1.73B

Q4 2020-3.8%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

CMS Energy raised its guidance for 2021 adjusted earnings to $2.83 - $2.87 per share, reflecting continued strong growth of 6 to 8 percent, with a bias toward the midpoint.

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 Q4 2020

Historical avgQ4 2020

+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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