CMS Energy Corporation (NYSE:CMS) is set to report fourth-quarter and 2018 financial results on Jan 31, before the market opens. The company is expected to come up with a positive surprise this earnings season. Last reported quarter, the company delivered an earnings surprise of 3.51%.
Let's take a closer look at the factors influencing CMS Energy’s quarterly results.
Why a Likely Positive Earnings Surprise
Our proven model shows a likely earnings beat for CMS Energy this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is the case here as you will see below.
Earnings ESP: CMS Energy has an Earnings ESP of +0.49%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: CMS Energy currently carries a Zacks Rank #2, which when combined with a positive ESP makes us confident of a probable earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
CMS Energy Corporation Price and EPS Surprise
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