NYSE$CMS
CMS Energy Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
CMS Energy reported strong 2023 results and raised 2024 adjusted EPS guidance.
CMS Energy announced earnings per share of $3.01 for 2023, compared to $2.85 per share for 2022, and adjusted earnings per share of $3.11 for 2023, compared to $2.89 per share for 2022. The company also increased its annual dividend by 11 cents per share to $2.06 for 2024 and raised its 2024 adjusted earnings guidance to $3.29 to $3.35 per share.
- Reported earnings per share of $3.01 for 2023, compared to $2.85 per share for 2022.
- Adjusted earnings per share for 2023 were $3.11, compared to $2.89 per share for 2022.
- Increased annual dividend by 11 cents per share to $2.06 for 2024.
- Raised 2024 adjusted earnings guidance to $3.29 to $3.35 per share from $3.27 to $3.33 per share.
Headline financials
Revenue & EPS history
CMS Energy · Revenue · Quarterly
$1.95B
Forward guidance
CMS Energy raised its 2024 adjusted earnings guidance to $3.29 to $3.35 per share and reaffirmed long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end.
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 2023
+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
| Quarter | Report date | Reaction (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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