Investing.com - CMS Energy (NYSE:CMS) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CMS Energy announced earnings per share of $0.49 on revenue of $1.44B. Analysts polled by Investing.com anticipated EPS of $0.44 on revenue of $1.49B.
CMS Energy shares are up 2% from the beginning of the year and are trading at $64.18 , down-from-52-week-high.They are outperforming the S&P 500 which is up 1.25% from the start of the year.
CMS Energy follows other major Utilities sector earnings this month
CMS Energy's report follows an earnings beat by NextEra Energy on Friday, July 24, 2020, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Dominion Energy had beat expectations on Friday with second quarter EPS of $0.82 on revenue of $3.59B, compared to forecast for EPS of $0.79 on revenue of $3.98B.
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