Fortis Inc expected to post earnings of 65 cents a share - Earnings Preview
29/07/2024 16:42
* Fortis Inc FTS.TO is expected to show a rise in
quarterly
revenue when it reports results on July 31 for the period
ending June 30 2024
* The St. Johns Newfoundland And Labrador-based company is
expected to report a 4.5% increase in revenue to C$2.711 billion
from C$2.59 billion a year ago, according to the estimate from
one analyst, based on LSEG data. (SAL is on Revenue basis)
* LSEG's mean analyst estimate for Fortis Inc is for
earnings of
65 cents per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and 3 "sell" or "strong sell."
* The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.
* Wall Street's median 12-month price target for Fortis Inc
is
C$58.25, above its last closing price of C$56.73.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Mar. 31 2024 0.89 0.89 0.93 Beat 4.1
Jan. 1 2024 0.71 0.70 0.72 Beat 2.2
Sep. 30 2023 0.82 0.82 0.84 Beat 3.1
Jun. 30 2023 0.61 0.61 0.62 Beat 0.9
Mar. 0.81 0.82 0.91 Beat 11.3
31 2023
Jan. 1 0001 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
This summary was machine generated July 29 at 15:42 GMT. All
figures in Canadian dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)