Fortis Inc. reports results for the quarter ended September 30 - Earnings Summary

Fortis

Tue 14:31

Fortis Inc. FTS.TO reported quarterly adjusted earnings of 92 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 81 cents.  The mean expectation of thirteen analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 84 cents to 91 cents per share.
Revenue rose 6% to C$3.12 billion from a year ago; analysts expected C$3.03 billion. 
Fortis Inc.'s reported EPS for the quarter was 92 cents​.
The company reported quarterly net income of C$474 million.
Fortis Inc. shares had risen by 10.3% this quarter and gained 16.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 2.9% in the last three months.​ 
In the last 30 days, five analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 7 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is  "buy."
Wall Street's median 12-month price target for Fortis Inc. is C$84.00, about 1.2% above its last closing price of C$82.95
This summary was machine generated from LSEG data November 3 at 02:31 p.m. UTC. ​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)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Sep. 30 2026 
0.88
0.92
Beat
Jun. 30 2026 
0.76
0.78
Beat
Mar. 31 2026 
1.00
0.99
Missed
Dec. 31 2025 
0.85
0.90
Beat