CMS
CMS Energy Corporation
NYSE: CMS · UTILITIES · UTILITIES - REGULATED ELECTRIC
$74.73
-1.57% today
Updated 2026-04-29
Market cap
$23.09B
P/E ratio
20.64
P/S ratio
2.62x
EPS (TTM)
$3.62
Dividend yield
2.14%
52W range
$66 – $80
Volume
3.0M
CMS Energy Corporation (CMS) Earnings
Quarterly earnings history, analyst estimates, and stock price reaction.
EPS beat streak
8 of 8
Last 8 quarters
Avg EPS surprise
+4.4%
Last 4 quarters
Revenue YoY growth
+11.6%
Most recent quarter
EPS YoY growth
+10.8%
Most recent quarter
Earnings surprise history (last 12 quarters)
Beat estimate Missed estimate
Quarterly EPS and revenue trend
Quarterly revenue EPS (diluted)
How the stock reacts to earnings
Avg 1-day reaction
+2.0%
Last 4 reports
Positive reaction rate
100%
4 of 4 quarters
Largest single-day move
+2.6%
2025-07-31
| Report date | EPS actual | Surprise | Close before | Close after | 1-day reaction |
|---|---|---|---|---|---|
| 2026-04-23 | $1.13 | +3.7% | $74.98 | $76.27 | +1.7% |
| 2026-02-05 | $0.95 | +0.0% | $71.60 | $72.84 | +1.7% |
| 2025-10-30 | $0.93 | +9.4% | $72.29 | $73.55 | +1.7% |
| 2025-07-31 | $0.71 | +4.4% | $72.17 | $74.08 | +2.6% |
Quarterly earnings history
| Fiscal quarter ending | EPS estimate | EPS actual | Surprise | Revenue | YoY revenue |
|---|---|---|---|---|---|
| 2026-03-31 | $1.09 | $1.13 | +3.7% | $2.73B | +11.6% |
| 2025-12-31 | $0.95 | $0.95 | +0.0% | $2.23B | +12.3% |
| 2025-09-30 | $0.85 | $0.93 | +9.4% | $2.02B | +15.9% |
| 2025-06-30 | $0.68 | $0.71 | +4.4% | $1.84B | +14.4% |
| 2025-03-31 | $1.01 | $1.02 | +1.0% | $2.45B | +12.5% |
| 2024-12-31 | $0.87 | $0.87 | +0.0% | $1.99B | +2.0% |
| 2024-09-30 | $0.78 | $0.84 | +7.7% | $1.74B | +4.2% |
| 2024-06-30 | $0.63 | $0.66 | +4.8% | $1.61B | — |
| 2024-03-31 | $0.94 | $0.97 | +3.2% | $2.18B | — |
| 2023-12-31 | $1.05 | $1.05 | +0.0% | $1.95B | — |
| 2023-09-30 | $0.61 | $0.61 | +0.0% | $1.67B | — |
Analyst EPS and revenue estimates for upcoming years
| Period | EPS estimate | Revenue estimate | Revenue growth | Analysts | Confidence |
|---|---|---|---|---|---|
| 2026 (E) | $3.92 | $8.7B | +2.1% | 14 | high |
| 2027 (E) | $4.22 | $9.1B | +4.6% | 14 | high |
| 2028 (E) | $4.53 | $9.5B | +4.4% | 14 | medium |
| 2029 (E) | $4.85 | $9.9B | +4.5% | 14 | medium |
| 2030 (E) | $5.20 | $10.4B | +4.6% | 14 | medium |
Frequently asked questions
Has CMS Energy Corporation beaten earnings estimates?
CMS Energy Corporation has beaten Wall Street EPS estimates in 8 of its last 8 quarterly reports, with an average EPS surprise of +4.4% over the last 4 quarters.
How does CMS stock react to earnings?
CMS stock has moved an average of +2.0% in the trading day following earnings over its last 4 reports, with positive reactions in 100% of those quarters.
What is CMS Energy Corporation's revenue growth rate?
CMS Energy Corporation reported year-over-year revenue growth of +11.6% in its most recent quarter, with EPS growing +10.8% year-over-year.
What is the expected EPS for CMS in 2026?
Analysts expect CMS Energy Corporation to report EPS of $3.92 for fiscal year 2026, on revenue of $8.7B, based on estimates from 14 analysts.