Fortis Inc expected to post earnings of 60  cents a share - Earnings Preview

Fortis

26/07/2022 18:57

* Fortis Inc  FTS.TO   is expected to show a rise in
quarterly
revenue when it reports  results on July 28. 
    * The St. Johns Newfoundland And Labrador-based  company is
expected to report  a 5.7% increase in revenue to C$2.252
billion from C$2.13 billion a year ago, according to the mean
estimate from 4 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Fortis Inc is for
earnings of 60 cents per share. For the same quarter last year,
the company reported earnings of 55 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 10
"hold" and 4 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Fortis Inc
is
C$62​, above​ its last closing price of C$60.50. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in Canadian dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.77        0.78       0.78      Met     0.3
 Dec. 31 2022  0.71        0.70       0.63      Missed  -10.4
 Sep. 30 2021  0.64        0.64       0.64      Met     -0.6​
 Jun. 30 2021  0.59        0.59       0.55      Missed  -6.2
 ​​Mar.        0.76        0.76       0.77      Beat    1.6
 31 2021                                                
 Dec. 31 2020  0.67        0.67       0.69      Beat    3.2​
 Sep. 30 2020  0.66        0.66       0.65      Missed  -1
 Jun. 30 2020  0.56        0.56       0.56      Met     0.2
 This summary was machine generated July 26 at 17:57 GMT.  All
figures in Canadian dollars  unless otherwise stated