earnings
confidence high
sentiment positive
materiality 0.70
CMS Energy Q2 adj EPS $0.55 vs $0.46 YoY; guidance toward high end
CONSUMERS ENERGY CO
- Reported EPS $0.61, up from $0.48 YoY; adjusted continuing ops EPS $0.55 vs $0.46.
- Reaffirmed 2021 adj EPS guidance $2.61-$2.65, confident toward high end; 2022 guidance $2.85-$2.87 reaffirmed.
- Long-term adjusted EPS growth target of 6-8% maintained.
- Pending sale of EnerBank (discontinued ops) noted; filed IRP retiring all coal by 2025.