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Fortis Inc <FTS.TO> expected to post earnings of 81 cents a share - Earnings Preview

ReutersFeb 12, 2025 1:33 PM
  • Fortis Inc FTS.TO is expected to show a rise in quarterly revenue when it reports results on February 14 for the period ending December 31 2024

  • The St. Johns Newfoundland And Labrador-based company is expected to report a 8.1% increase in revenue to C$3.12 billion from C$2.89 billion a year ago, according to the mean estimate from 2 analysts, based on LSEG data. (SAL is on Revenue basis)

  • ​LSEG's mean analyst estimate for Fortis Inc is for earnings of 81 cents per share.

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 7 "hold" and 4 "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 $43.25​, below​ its last closing price of $43.95. ​​​

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

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Sep. 30 2024

0.82

0.82

0.85

Beat

3.6

Jun. 30 2024

0.65

0.65

0.67

Beat

2.7

Mar. 31 2024

0.89

0.89

0.93

Beat

4.1​

Dec. 31 2023

0.71

0.71

0.72

Beat

2.1

​​Sep. 30 2023

0.82

0.81

0.84

Beat

3.2

Jun. 30 2023

0.61

0.61

0.62

Beat

0.9​

Mar. 31 2023

0.81

0.82

0.91

Beat

11.6

Dec. 31 2022

0.70

0.70

0.72

Beat

2.8

This summary was machine generated February 12 at 13:33 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)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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