How often does CMS Energy move more than the options market prices?

0 of the last 8 reports moved at least as far as the implied move.

CMSNYSEElectric & Other Services Combined

CMS Energy Corp (CMS) earnings date, market-implied expected move, and options open interest by expiry

71.17

+1.17 · +1.67%

Regular session14:10 ET

Open70.95Volume3.4MMkt cap$22.0BP/E25.42EPS2.80Div yield3.22%

Day69.69 – 71.3490%52-wk62.29 – 79.1053%

CMS

CMS Energy Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Next report

Feb 4

before open · in 92 days

est.Q4 FY26

Calendar

Next report

Last report

−0.85%

vs ±3.4% implied · ×0.25

shaded = implied · ▲▼ = realized

Oct 27 '26 · confirmedthin chain

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+4.14%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

818 managers

Top fund weight

1.66%

CMS weight · XLU

N-PORTJun 30 '26

12 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

CMS Energy (CMS) is expected to report on Feb 4 before open (estimated date).

Implied vs realized

8 reports

0 of 8≥ implied

avg implied: ±4.2%
avg realized: ±1.1%

Feb 6 '25Feb 6 '25confirmed±4.0%▲+1.80%×0.45

Apr 24 '25Apr 24 '25confirmed±4.5%▲+0.87%×0.19

Jul 31 '25Jul 31 '25confirmed±5.2%▲+2.26%×0.43

Oct 30 '25Oct 30 '25confirmed±4.3%▲+1.27%×0.30

Feb 5 '26Feb 5 '26confirmed±5.1%▲+1.76%×0.34

Q1 FY26Apr 28 '26confirmed±2.9%▼−0.17%×0.06

Q2 FY26Jul 28 '26confirmed±4.2%▲+0.13%×0.03

Q3 FY26Oct 27 '26confirmed±3.4%thin chain▼−0.85%×0.25

quarterimplied−10%0+10%realized×

Q3 FY26±3.4%▼−0.85%×0.25

Q2 FY26±4.2%▲+0.13%×0.03

Q1 FY26±2.9%▼−0.17%×0.06

Feb '26±5.1%▲+1.76%×0.34

Oct '25±4.3%▲+1.27%×0.30

Jul '25±5.2%▲+2.26%×0.43

2 older reports

Apr '25±4.5%▲+0.87%×0.19

Feb '25±4.0%▲+1.80%×0.45

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 29 close

0.15OI · 3 expiries · Oct 29 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

133+4%Nov 2016d0.363660%0.36

4240%Dec 1844d0.212,0450%0.21

report · Feb 4 · before open · est.

860%Mar 19135d5740%

ExpiryPutsCallsP/C

Nov 2016d133+4%3660%0.36

Dec 1844d4240%2,0450%0.21

report · Feb 4 · before open · est.

Mar 19135d860%5740%0.15

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

−4.17%as filednet margin · revenue +19.35% QoQ · +8.02% YoY

Revenue$2.2B+19.35%

Gross profit$1.4B63.03%+19.24%

Operating income$47M2.15%−82.20%

Pre-tax income−$113M−187.60%

Net income−$91M−4.17%−194.79%

Cost of revenue$807M+19.56%

Operating expenses$1.3B+49.33%

Tax−$22M−166.67%

Other expense−$160M−18.52%

Source: SEC filings · standardized · QE Sep 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 14:00 ET

Intraday

Event sensitivity

PCE ×1.27· ±1.1% vs ±0.8% · 19 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±1.1%12 of 19×1.27

GDPgross domestic product±1.0%10 of 19×1.15

NFPjobs report±0.9%6 of 10×1.10

CPIconsumer prices±0.9%6 of 10×1.10

CPROFcorporate profits±0.9%6 of 12×1.08

PPIproducer prices±0.8%5 of 10×1.02

FOMCrate decision±0.8%9 of 24×0.97

Bar = avg |move| to ±2% · tick = ±0.8% avg day · ×base = |move| ÷ ±0.8% · min 6 releases

Earnings history

EPS 0.39 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 27 '26 · confirmed	0.39	—
Q2 FY26	Jul 28 '26 · confirmed	0.37	—
Q1 FY26	Apr 28 '26 · confirmed	1.10	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod