Fortis Inc reports results for the quarter ended in June - Earnings Summary

Fortis

28/07/2022 21:06

* Fortis Inc  FTS.TO  reported quarterly adjusted earnings
of 57
cents​​ per share for the quarter ended in June. The mean
expectation of fourteen analysts for the quarter was
for earnings of 60 cents per share.
    * Revenue rose 16.8% to C$2.49 billion from a year ago;
analysts
expected C$2.25 billion. 
    * Fortis Inc's reported EPS for the quarter was 59 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Fortis Inc shares had fallen by 0.5% this quarter and
lost 0.8%
so far this year.
    * The company reported quarterly net income of C$284
million.
    * Wall Street's median 12-month price target for Fortis Inc
is
C$62.00 
    * 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." 

This summary was machine generated from Refinitiv data July 28
at 08:05 p.m.  ​All figures in Canadian dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.60           0.57           Missed
 Mar. 31 2022      0.78           0.78           Met
 Dec. 31 2021      0.70           0.63           Missed
 Sep. 30 2021      0.64           0.64           Met