earnings
confidence high
sentiment positive
materiality 0.65
CMS Energy Q1 adjusted EPS $0.97 vs $0.70; reaffirms 2024 guidance $3.29-$3.35
CONSUMERS ENERGY CO
- Adjusted EPS $0.97, up from $0.70 YoY, driven by higher weather-normalized sales and lower storm costs.
- Reported EPS $0.96 vs $0.69 in Q1 2023.
- Reaffirms 2024 adjusted EPS guidance $3.29-$3.35; long-term growth 6-8%.
- Management expresses confidence toward high end of guidance.