Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Fortis (FTS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual inve ...

Core Points - Fortis Inc. will release its first quarter 2025 financial results on May 7, 2025, with a teleconference scheduled for 8:30 a.m. Eastern Time [1] - The teleconference will feature discussions led by David Hutchens, President and CEO, and Jocelyn Perry, Executive Vice President and CFO [1] - Shareholders and analysts can participate in the teleconference via a live webcast on the company's website [2] - Participants in Canada and the U.S. can join the call toll-free, while international participants have a separate number to dial [3] - A replay of the teleconference will be available two hours after the call until June 7, 2025 [4] Company Information - Fortis is a leader in the North American regulated electric and gas utility industry, reporting $12 billion in revenue for 2024 and total assets of $73 billion as of December 31, 2024 [6] - The company employs 9,800 individuals and serves utility customers across five Canadian provinces, ten U.S. states, and three Caribbean countries [6] - Fortis shares are publicly traded on both the TSX and NYSE under the symbol FTS [6] Upcoming Events - The 2025 Annual Meeting of Shareholders is scheduled for May 8, 2025, at 9:00 a.m. Eastern Time, with both in-person and online attendance options [5] - Shareholders will have the opportunity to submit questions during the Q&A portion of the webcast [5]

Core Insights - The analysis focuses on Fortis Inc. (NYSE: FTS), highlighting a previous buy rating and the release of its Full-Year 2024 report [1] Group 1: Company Overview - Fortis Inc. is a significant player in the utility sector, with a focus on delivering reliable energy services [1] - The company has been recognized for its strong performance and growth potential in the market [1] Group 2: Financial Performance - The Full-Year 2024 report is anticipated to provide insights into the company's financial health and operational efficiency [1] - Analysts expect the report to reflect positive trends in revenue and profitability, contributing to investor confidence [1]

Fortis, Inc. (NYSE:FTS) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Stephanie Amaimo - VP, IR David Hutchens - President and CEO Jocelyn Perry - EVP and CFO Linda Apsey - CEO, ITC Holdings Corp. Roger Dall’Antonia - President and CEO, FortisBC Conference Call Participants Robert Hope - Scotiabank Maurice Choy - RBC Capital Markets Mark Jarvi - CIBC Julien Dumoulin-Smith - Jefferies Michael Sullivan - Wolfe Research Operator Thank you for standing by. This is Betsy, the ...

Fortis (FTS) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.51%. A quarter ago, it was expected that this electric and gas utility would post earnings of $0.59 per share when it actually produced earnings of $0.62, delivering a surprise of 5.08%.Over the last four quarters, the com ...

Q4 2024 EARNINGS CONFERENCE CALL February 14, 2025 FORWARD LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking information"). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business ...

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024. ST. JOHN'S, Newfoundland and Labrador, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), today filed its audited Consolidated Financial Statements, related Management Discussion and Analysis and Form 40-F for the year ended December 31, 2024, as well as its 2024 ...

Exhibit 99.1 St. John's, NL - February 14, 2025 FORTIS INC. REPORTS FOURTH QUARTER & ANNUAL 2024 RESULTS Highlights "In 2024, Fortis extended its track record of strong EPS and rate base growth," said David Hutchens, President and Chief Executive Officer, Fortis Inc. "We executed a $5.2 billion capital program, outperformed industry averages for safety and reliability performance, and continued to be recognized as a leader for our governance practices." "We remain focused on extending our track record as we ...

Core Insights - Fortis Inc. reported strong financial performance for 2024, with net earnings of $1.6 billion, or $3.24 per common share, reflecting a growth from $1.5 billion, or $3.10 per common share in 2023 [4][6][8] - The company executed a $5.2 billion capital program and is focused on a $26 billion five-year capital plan aimed at supporting annual dividend growth guidance of 4-6% through 2029 [3][10][16] Financial Performance - Net earnings for the fourth quarter of 2024 were $396 million, or $0.79 per common share, compared to $381 million, or $0.78 per common share in the same period of 2023, driven by rate base growth and new customer rates [5][8] - Adjusted net earnings for 2024 were $1.6 billion, or $3.28 per common share, representing a 6% increase from $3.09 in 2023 [6][8] - Capital expenditures for 2024 totaled $5.2 billion, contributing to a 6% annual rate base growth, increasing the midyear rate base to $39 billion [9][10] Capital Expenditures and Projects - The five-year capital plan of $26 billion is $1 billion higher than the previous plan, driven by MISO long-range transmission plan projects and customer growth investments [10][11] - Significant projects include the Eagle Mountain Pipeline, transmission reliability projects at ITC, and the completion of the Wataynikaneyap Transmission Power project, which connects 17 First Nations communities to the Ontario power grid [9][10] Regulatory Updates - In October 2024, FERC revised the base ROE for MISO transmission owners, impacting Fortis with an after-tax earnings effect of approximately $22 million [13] - The Arizona Corporation Commission approved a formula rate plan expected to improve rate stability for customers, with UNS Gas proposing an annual rate adjustment mechanism [14] Environmental Commitment - Fortis has reduced its corporate-wide direct greenhouse gas emissions by 34% from a 2019 base year, with targets to further reduce emissions by 50% by 2030 and 75% by 2035 [18]