Fortis Inc expected to post earnings of 98 cents a share - Earnings Preview

Fortis

05/05/2025 15:09

Fortis Inc FTS.TO  is expected to show a rise in quarterly revenue when it reports  results on May 7 for the period ending March 31 2025

The St. Johns Newfoundland And Labrador-based  company is expected to report a 6.1% increase in revenue to C$3.309 billion from C$3.12 billion a year ago, according to the estimate from one analyst, based on LSEG data.

‚ÄčLSEG's mean analyst estimate for Fortis Inc is for earnings of 98 cents per share.

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 10 "hold" and 5 "sell" or "strong sell."

The mean earnings estimate of analysts had risen by about 0.2% in the last three months. ‚Äč

Wall Street's median 12-month price target for Fortis Inc is C$66.00‚Äč, below‚Äč its last closing price of C$67.08. ‚Äč‚Äč‚Äč

Previous quarterly performance (using preferred earnings measure in Canadian dollars). ‚Äč

QUARTER ENDING
STARMINESMARTESTIMATE¬ģ
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Dec. 31 2024
0.81
0.81
0.83
Beat
2.1
Sep. 30 2024
0.82
0.82
0.85
Beat
3.5
Jun. 30 2024
0.65
0.65
0.67
Beat
2.7‚Äč
Mar. 31 2024
0.89
0.89
0.93
Beat
4.1
‚Äč‚ÄčDec. 31 2023
0.71
0.70
0.72
Beat
2.2
Sep. 30 2023
0.82
0.82
0.84
Beat
3.1‚Äč
Jun. 30 2023
0.61
0.61
0.62
Beat
0.9
Mar. 31 2023
0.81
0.82
0.91
Beat
11.3

This summary was machine generated May 5 at 14:09 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)