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Here's Why CMS Energy (CMS) is a Strong Growth Stock

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

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.

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CMS Energy (CMS)

Jackson, MI-based CMS Energy Corporation (CMS), founded  in 1886, is the holding company of Consumers Energy Company (Consumers) and CMS Enterprises Company (Enterprises). Consumers is an electric and gas utility company that provides electricity and natural gas to residents of Michigan, and serves customers in all 68 counties of Michigan’s Lower Peninsula. The Enterprises segment, through its subsidiaries and equity investments, is engaged primarily in independent power production.

CMS is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 8.7% year-over-year for the current fiscal year, with sales growth of 6%.

Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.01 to $2.88 per share. CMS also boasts an average earnings surprise of 7.9%.

CMS Energy is also cash rich. The company has generated cash flow growth of 6.5%, and is expected to report cash flow expansion of 4.4% in 2022.

CMS should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.


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