CMS Energy Corporation CMS reported third-quarter 2020 adjusted earnings per share (EPS) of 77 cents, which surpassed the Zacks Consensus Estimate of 68 cents by 13.2%.Including one-time items, the company posted GAAP earnings of 76 cents per share in the reported quarter, up from 73 cents in the year-ago quarter.The year-over-year uptick in the bottom line can be attributed to higher revenues and operating income in the reported quarter.CMS Energy Corporation Price, Consensus and EPS Surprise CMS Energy Corporation price-consensus-eps-surprise-chart | CMS Energy Corporation QuoteOperational PerformanceIn the quarter under review, CMS Energy’s operating revenues were $1,575 million, which missed the Zacks Consensus Estimate of $1,583 million by 0.5%. The top line, however, went up 1.9% on a year-over-year basis.The company’s operating expenses inched up 0.9% to $1,206 million in the quarter under review.Operating income in the third quarter was $369 million, up 5.1% from $351 million in the year-ago quarter.CMS Energy’s interest charges were $143 million, up 7.5% from $133 million in the year-ago period.Financial ConditionCMS Energy had cash and cash equivalents of $519 million as of Sep 30, 2020, up from $140 million as of Dec 31, 2019.As of Sep 30, 2020, total debt, capital leases and financing obligations (excluding securitization debt) were $14,897 million, up from $12,996 million as of Dec 31, 2019.At the end of the third-quarter 2020, cash from operating activities amounted to $1,144 million compared with $1,395 million at the end of Sep 30, 2019.2020 GuidanceCMS Energy reaffirmed its adjusted earnings per share guidance of $2.64-$2.68 for 2020. The Zacks Consensus Estimate for the company’s 2020 earnings is currently pegged at $2.67, which lies above the midpoint of the guided range.Moreover, CMS Energy issued 2021 adjusted earnings per share guidance of $2.82 to $2.86. The Zacks Consensus Estimate for the company’s 2021 earnings is currently pegged at $2.84, which is in line with the midpoint of the guided range.Zacks RankCMS Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Utility ReleasesEntergy ETR reported third-quarter 2020 adjusted earnings of $2.44 per share, which surpassed the Zacks Consensus Estimate of $2.42 by 0.8%.American Electric Power AEP reported third-quarter 2020 adjusted earnings per share of $1.47, which beat the Zacks Consensus Estimate of $1.46 by 0.7%.NextEra Energy NEE reported third-quarter 2020 adjusted earnings of $2.66 per share, which beat the Zacks Consensus Estimate of $2.65 by 0.4%.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Early investors stand to make a killing, but you have to be ready to act and know just where to look.See the pot stocks we're targeting >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Entergy Corporation (ETR): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report CMS Energy Corporation (CMS): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research