| CMS |
Report |
Adjusted EPS |
BEAT |
pred ~$0.75 vs. cons $0.72 |
MEDIUM |
| CMS |
Report |
Operating revenue |
BEAT |
pred ~$1.91B vs. cons $1.88B |
MEDIUM |
| CMS |
Report |
Operating income |
BEAT |
pred ~$331M vs. cons $326M |
LOW |
| CMS |
Guide |
2026 adjusted EPS guidance |
UNCHANGED |
guide ~$3.83-$3.90 vs. cons $3.87 (FY2026) |
HIGH |
| CMS |
Guide |
2026 planned parent equity issuance |
UNCHANGED |
guide ~$700M vs. cons $700M (FY2026) |
MEDIUM |
| CMS |
Guide |
Utility sales-growth outlook |
UNCHANGED |
guide ~2%-3% vs. cons 2.5% (2026-2030) |
MEDIUM |
| CMS |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.3% |
— |
MEDIUM |
| CMS |
Return |
5-day cumulative residual |
+0.4% (FADE) |
A ~$0.75 EPS print versus $0.72 consensus should initially support the shares, but unchanged FY2026 EPS guidance of ~$3.83-$3.90 versus $3.87 consensus implies limited out-period estimate upside. The initial gain should fade as investors refocus on ~$700M of FY2026 equity needs, credit remediation, and the lack of a quantified 2027 EPS uplift from large-load opportunities. |
MEDIUM |