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)
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