Yahoo Finance Why CMS Energy (CMS) is a Top Growth Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
CMS Energy (CMS)
Jackson, MI-based CMS Energy Corporation (CMS), formed in 1987, is an energy company. It is the parent holding company of Consumers, an electric and gas utility, and NorthStar Clean Energy, a primarily domestic independent power producer and marketer. Consumers is an electric and gas utility company that provides electricity and/or natural gas to 6.8 million of Michigan’s 10 million residents. In 2023, Consumers served 1.9 million electric customers and 1.8 million gas customers in Michigan’s Lower Peninsula.
CMS is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 7.1% year-over-year for the current fiscal year, with sales growth of 9.4%.
One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $3.33 per share for 2024. CMS boasts an average earnings surprise of 3%.
CMS Energy is also cash rich. The company has generated cash flow growth of 5.7%, and is expected to report cash flow expansion of 6.7% in 2024.
Investors should take the time to consider CMS for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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CMS Energy Corporation (CMS) : Free Stock Analysis Report
