CMS Energy's Q2 Earnings Likely Weighed Down by Unfavorable Weather, UBS Securities Says

MT Newswires Live
07/09

CMS Energy's (CMS) Q2 earnings are likely to be weighed down by storms and unfavorable weather, UBS Securities said in a note Wednesday.

The investment firm said it sees a potential $50 million or $0.10 per share headwind from April storms, an impact of $0.18 a share from the absence of tender gains, and another $0.10 per share impact from unfavorable weather.

UBS Securities forecasts Q2 earnings per share of $0.36, down from $0.71 a year ago and below the FactSet consensus estimate of $0.76.

The company could still meet its 2026 EPS guidance, with the deferral of Q1 storm costs and electric rate recovery in Q3, the firm said. CMS Energy is set to release its Q2 results on July 28.

UBS Securities has a neutral rating on CMS Energy, with price target of $83.

Shares of the company were down about 1.1% in Thursday trading.

Price: 75.39, Change: -0.80, Percent Change: -1.05

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