Compared to Estimates, CMS Energy (CMS) Q4 Earnings: A Look at Key Metrics

By Zacks Equity Research | February 11, 2026, 9:30 AM

For the quarter ended December 2025, CMS Energy (CMS) reported revenue of $2.23 billion, up 12.3% over the same period last year. EPS came in at $0.95, compared to $0.87 in the year-ago quarter.

The reported revenue represents a surprise of +5.92% over the Zacks Consensus Estimate of $2.11 billion. With the consensus EPS estimate being $0.94, the EPS surprise was +1.28%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how CMS Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Operating revenue- NorthStar Clean Energy: $109 million versus the four-analyst average estimate of $95.9 million. The reported number represents a year-over-year change of +34.6%.
  • Operating revenue- Consumers Energy (Electric+Gas): $2.12 billion compared to the $2.01 billion average estimate based on four analysts. The reported number represents a change of +11.3% year over year.
  • Net income (loss)- NorthStar Clean Energy: $56 million versus the two-analyst average estimate of $24.11 million.

View all Key Company Metrics for CMS Energy here>>>

Shares of CMS Energy have returned +4.5% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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