CMS
CMS EnergyNYSEUtilitiesUtilities - Regulated ElectricSnapshot 2026-05-08
As of May 8, 2026, CMS has a signal label of "mild_favorable" and a composite score of 24.5. This score is influenced by various factors, including a medium confidence level of 74.3 and strengths in management (66.9) and quality (64.2). However, the sector score is weak at -0.7, and the overall risk is classified as moderate. The analysis is provisional.
Price
Daily closes from AlphaVantage. Earnings/event dots are placed inline.
Factor signals
Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.
Thesis
— is this a strong company over a 1–3 year hold?Why this rank
- Direction share1.00
- Slope (norm)-0.06
- Bonus0.00
Why this rank
Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3
Why this rank
Watch
— has something changed worth re-reading?Why this setup
EPS estimate $0.72 → $0.78 (+7.9% / 30d). 5 raised, 3 cut, 11 covering analysts.
0 upgrades, 0 downgrades / 30d, 4 maintained. 53% of analysts rate Buy.
2 PT revisions / 30d. Avg target 6.3% above current price.
0 positive, 0 negative / 30d.
F4 · Management deep-dive — recent events, stated priorities, guidance track record
Recent 8-K events
No recent events recorded.
Stated priorities
3 priorityies extracted from earnings transcripts (as of 2026-05-08).
- 1.Reaffirm 2026 earnings guidancegrowthbehind0% progress
4/28: “CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share.”
Why this status
Stated in 2 of last 2 quarters. CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share. Despite the reaffirmation, the financials show a decline in revenue from $2.02B in 2025-Q3 to $1.48B in 2025-Q4, indicating limited progress towards achieving the guidance.
- 2.Raise 2025 earnings guidancegrowthwatchprovisional
10/30: “CMS Energy raised its 2025 adjusted earnings guidance to $3.56 to $3.60 per share.”
Why this status
Stated in 2 of last 2 quarters. CMS Energy raised its 2025 adjusted earnings guidance to $3.56 to $3.60 per share. However, revenue decreased from $2.18B in 2025-Q1 to $1.48B in 2025-Q4, suggesting limited progress in achieving the raised guidance.
- 3.Raise 2026 earnings guidancegrowthwatchprovisional
2/5: “Not mentioned in most recent disclosures.”
Guidance track record
Insufficient guidance history for this ticker.
Position context
— how violent might the path be while I hold it?Why this risk level
Recent vol — 30d annualized 18%; 252d 16%.
Drawdown — Max 1y −9%. Bad day move −2%.
Beta to sector ETF (XLU) — 0.05 over 1y.
Liquidity — score 100/100.
Sub-scores — vol 73/100, drawdown 82/100, beta 5/100, earnings vol —.
via XLU
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-05-08.
What changed
The most important moves since the prior daily snapshot.
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-05-08
Management scorecard
How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.
What management is focused on
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
- #1
Reaffirm 2026 earnings guidance
GrowthNew since 2026-05-04CMS Energy continues to reaffirm its 2026 adjusted earnings guidance of $3.83 to $3.90 per share.
BehindStated in 2 of last 2 quarters. CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share. Despite the reaffirmation, the financials show a decline in revenue from $2.02B in 2025-Q3 to $1.48B in 2025-Q4, indicating limited progress towards achieving the guidance.
0%CEO/CFO:“CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share.”Multiple sourcesSource dated 2026-04-28Stated 2 of last 8 quartersFirst seen 2026-05-04Show history (2)
- 2026-Q1Multiple sources
“CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83 to $3.90 per share.”
- 2025-Q4Multiple sources
“CMS Energy raised its 2026 adjusted earnings guidance to $3.83 to $3.90 from $3.80 to $3.87 per share.”
- #2
Raise 2025 earnings guidance
GrowthNew since 2026-05-04CMS Energy raised its 2025 adjusted earnings guidance to $3.56 to $3.60 per share.
WatchStated in 2 of last 2 quarters. CMS Energy raised its 2025 adjusted earnings guidance to $3.56 to $3.60 per share. However, revenue decreased from $2.18B in 2025-Q1 to $1.48B in 2025-Q4, suggesting limited progress in achieving the raised guidance.
No scoreCEO/CFO:“CMS Energy raised its 2025 adjusted earnings guidance to $3.56 to $3.60 per share.”Multiple sourcesSource dated 2025-10-30Stated 2 of last 8 quartersFirst seen 2026-05-04provisionalShow history (2)
- 2025-Q3Multiple sources
“CMS Energy raised its 2025 adjusted earnings guidance to $3.56 to $3.60 per share.”
- 2025-Q2Multiple sources
“CMS Energy reaffirmed its 2025 adjusted earnings guidance of $3.54 to $3.60 per share.”
- #3
Raise 2026 earnings guidance
GrowthNew since 2026-05-04CMS Energy raised its 2026 adjusted earnings guidance to $3.83 to $3.90 from $3.80 to $3.87 per share.
Behind →WatchNo scoreCEO/CFO:“Not mentioned in most recent disclosures.”8-KSource dated 2026-02-05First seen 2026-05-04provisional
How this stock is priced
Two ways to read price: against peers in the same business, and against the company's own history.
Roughly priced in line with peers.
Cheaper than its own typical valuation.
P/E over the last 5 years
62 monthly pointsHow this compares
A side-by-side read on composite, valuation, and risk versus peers.
| Stock | Composite | Valuation | Risk |
|---|---|---|---|
CMS CMS Energy | +25 | fair | moderate |
NEE NextEra Energy | +19 | full | moderate |
CEG Constellation Energy | +16 | full | elevated |
SO Southern Company | +19 | fair | moderate |
DUK Duke Energy | +28 | inexpensive | moderate |
Risk — how this stock moves
What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.
What could change this view
Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.
- If utilities sector trend rises from -0.04 into 'improving' (>= +0.20)+5.0 pts
- If next-quarter guidance is raised (currently NEW as of 2026-04-28)+4.0 pts
- If next-quarter guidance is cut (currently NEW as of 2026-04-28)-8.0 pts
- If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
- If utilities sector trend falls from -0.04 into 'weakening' (<= -0.20)-5.0 pts
Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-04-2811d agoItem 2.02
Results of Operations and Financial Condition. On April 28, 2026, CMS Energy Corporation (“CMS Energy”) issued a News Release, in which it announced its 2026 first quarter results. Attached as Exhibit 99.1 to this report and incorporated herein by reference is a copy of the CMS Energy News Release, furnished as a part of this report. Exhibit 99.1 contains certain financial measures that are considered “non-GAAP financial measures” as defined in Securities and Exchange Commission rules. Other…
earnings preannouncementneutralscore 51
Score history
The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.