Fortis Inc expected to post earnings of 61  cents a share - Earnings Preview

Fortis

31/07/2023 14:01

* Fortis Inc  FTS.TO   is expected to show a rise in
quarterly
revenue when it reports  results on August 2. 
    * The St. Johns Newfoundland And Labrador-based  company is
expected to report  a 5.5% increase in revenue to C$2.624
billion from C$2.49 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 61 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 10
"hold" and 4 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Fortis Inc
is
C$61​, above​ its last closing price of C$56.06. ​​​

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 2023  0.81        0.82       0.91      Beat    11.3
 Dec. 31 2023  0.70        0.70       0.72      Beat    2.2
 Sep. 30 2022  0.68        0.68       0.71      Beat    4.1​
 Jun. 30 2022  0.60        0.60       0.57      Missed  -4.5
 ​​Mar.        0.77        0.78       0.78      Met     0.3
 31 2022                                                
 Dec. 31 2021  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
 This summary was machine generated July 31 at 13:01 GMT.  All
figures in Canadian dollars  unless otherwise stated