CMS ENERGY CORP (CMS) Forecast, Price Target & Analyst Ratings

NYSE:CMS • US1258961002

Current stock price

74.42 USD
-3.03 (-3.91%)
At close:
74.9 USD
+0.48 (+0.64%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CMS ENERGY CORP (CMS).

Forecast Snapshot

Consensus Price Target

Price Target
$80.33
+ 7.95% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 22, 2026
Period
Q1 / 2026
EPS Estimate
$1.11
Revenue Estimate
2.578B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
75.24%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$80.33
Upside
+ 7.95%
From current price of $74.42 to mean target of $80.33, Based on 21 analyst forecasts
Low
$67.78
Median
$81.09
High
$91.35

Price Target Revisions

1 Month
1.75%
3 Months
0.16%

Price Target Summary

21 Wall Street analysts provided a forecast for the next 12 months for CMS. The average price target is 80.33 USD. This implies a price increase of 7.95% is expected in the next year compared to the current price of 74.42.
The average price target has been revised upward by 0.16% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CMS Current Analyst RatingCMS Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8

Analyst Ratings History

CMS Historical Analyst RatingsCMS Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
75.24%
CMS was analyzed by 21 analysts. The buy percentage consensus is at 75. So analysts seem to be have mildly positive about CMS.
In the previous month the buy percentage consensus was at a similar level.
CMS was analyzed by 21 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-02KeybancMaintains Overweight -> Overweight
2026-02-23BarclaysMaintains Overweight -> Overweight
2026-02-09BMO CapitalReiterate Outperform -> Outperform
2026-02-06MizuhoMaintains Neutral -> Neutral
2026-02-02Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2026-01-28JefferiesMaintains Buy -> Buy
2026-01-20Wells FargoMaintains Equal-Weight -> Equal-Weight
2026-01-15BarclaysMaintains Overweight -> Overweight
2026-01-15JP MorganMaintains Overweight -> Overweight
2025-12-17UBSMaintains Neutral -> Neutral
2025-12-11JP MorganMaintains Overweight -> Overweight
2025-10-28Wells FargoInitiate Equal-Weight
2025-10-22Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-10-21BarclaysMaintains Overweight -> Overweight
2025-10-15KeybancMaintains Overweight -> Overweight
2025-09-25Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-07-22BarclaysMaintains Overweight -> Overweight
2025-07-07Wolfe ResearchDowngrade Outperform -> Peer Perform
2025-05-22Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-04-29BMO CapitalMaintains Outperform -> Outperform
2025-04-28Evercore ISI GroupMaintains In-Line -> In-Line
2025-04-25ScotiaBankMaintains Sector Outperform -> Sector Outperform
2025-04-25Wells FargoMaintains Overweight -> Overweight
2025-04-21JefferiesMaintains Buy -> Buy
2025-04-14BMO CapitalMaintains Outperform -> Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 22, 2026
Period
Q1 / 2026
EPS Estimate
$1.11
Revenue Estimate
2.578B
Revenue Q2Q
5.35%
EPS Q2Q
8.56%
Number of Analysts
10

Next Earnings Revisions

Revenue (1 Month)
1.18%
Revenue (3 Months)
0.47%
EPS (1 Month)
-0.02%
EPS (3 Months)
-4.50%

Next Earnings Summary

CMS is expected to report earnings on 4/22/2026. The consensus EPS estimate for the next earnings is 1.11 USD and the consensus revenue estimate is 2.58B USD.
The next earnings revenue estimate has been revised upward by 0.47% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031
Revenue
YoY % growth
CMS revenue by date.CMS revenue by date.
7.462B
-13.19%		7.515B
0.71%		8.539B
13.63%		8.715B
2.06%		9.122B
4.67%		9.508B
4.23%		10.393B
9.31%		11.169B
7.47%		N/A
EBITDA
YoY % growth
CMS ebitda by date.CMS ebitda by date.
2.415B
2.77%		2.727B
12.92%		3.033B
11.22%		3.46B
14.08%		3.828B
10.64%		4.121B
7.65%		4.704B
14.15%		5.184B
10.20%		N/A
EBIT
YoY % growth
CMS ebit by date.CMS ebit by date.
1.235B
0.90%		1.487B
20.40%		1.727B
16.14%		2.031B
17.60%		2.319B
14.18%		2.358B
1.68%		2.909B
23.37%		3.176B
9.18%		N/A
Operating Margin
CMS operating margin by date.CMS operating margin by date.
16.55%19.79%20.22%23.30%25.42%24.80%27.99%28.44%N/A
EPS
YoY % growth
CMS eps by date.CMS eps by date.
3.11
7.61%		3.34
7.40%		3.60
7.78%		3.92
8.77%		4.22
7.83%		4.55
7.75%		4.90
7.66%		5.29
8.09%		5.47
3.39%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28
EPS
Q2Q % growth		1.11
8.56%		0.73
2.85%		0.95
2.11%		1.10
16.90%		1.29
16.34%		0.75
3.32%		1.08
14.02%		1.10
-0.14%		1.60
24.42%		0.67
-11.51%		1.33
22.39%
Revenue
Q2Q % growth		2.578B
5.35%		1.986B
8.05%		1.963B
-2.87%		2.098B
-6.05%		2.192B
-14.97%		1.702B
-14.30%		1.802B
-8.20%		2.069B
-1.38%		2.177B
-0.68%		1.696B
-0.35%		1.796B
-0.33%
EBITDA
Q2Q % growth		953.73M
8.13%		715.3M
-27.97%		724.69M
-49.85%		862.63M
-50.45%		947.44M
-0.66%		626.04M
-12.48%		691.67M
-4.56%		866.77M
0.48%		N/AN/AN/A
EBIT
Q2Q % growth		541.99M
9.71%		383.54M
20.99%		430.64M
-10.47%		489.63M
12.56%		559.35M
3.20%		237.95M
-37.96%		303.58M
-29.50%		478.68M
-2.24%		N/AN/AN/A

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CMS Yearly Revenue VS EstimatesCMS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
CMS Yearly EPS VS EstimatesCMS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4 5

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
8.12%
EPS Next 5 Year
8.02%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
5.11%
Revenue Next 5 Year
6.47%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
30.77%
EBIT Next 5 Year
22.98%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CMS ENERGY CORP / CMS Forecast FAQ

What is the average price target for CMS ENERGY CORP (CMS) stock?

21 analysts have analysed CMS and the average price target is 80.33 USD. This implies a price increase of 7.95% is expected in the next year compared to the current price of 74.42.

When does CMS ENERGY CORP (CMS) report earnings?

CMS ENERGY CORP (CMS) will report earnings on 2026-04-22, before the market open.

What are the consensus estimates for CMS stock next earnings?

The consensus EPS estimate for the next earnings of CMS ENERGY CORP (CMS) is 1.11 USD and the consensus revenue estimate is 2.58B USD.

How many analysts cover CMS ENERGY CORP (CMS) stock?

The number of analysts covering CMS ENERGY CORP (CMS) is 21.