Fortis Inc expected to post earnings of 71cents a share - Earnings Preview

Fortis

08/02/2023 13:39

* Fortis Inc  FTS.TO   is expected to show a fall in
quarterly
revenue when it reports  results on February 10. 
    * The St. Johns Newfoundland And Labrador-based  company is
expected to report  a 1.9% decrease in revenue to C$2.533
billion from C$2.58 billion a year ago, according to the mean
estimate from 3 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Fortis Inc is for
earnings of 71 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 9
"hold" and 3 "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$58​, above​ its last closing price of C$54.61. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.77        0.78       0.78      Met     0.3​
 Dec. 31 2021  0.71        0.70       0.63      Missed  -10.4
 ​​Sep.        0.64        0.64       0.64      Met     -0.6
 30 2021                                                
 Jun. 30 2021  0.59        0.59       0.55      Missed  -6.2​
 Mar. 31 2021  0.76        0.76       0.77      Beat    1.6
 Dec. 31 2020  0.67        0.67       0.69      Beat    3.2
 This summary was machine generated February 8 at 13:39 GMT.  All
figures in Canadian dollars  unless otherwise stated