The market expects Fortis (FTS) to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...

ST. JOHN'S, Newfoundland and Labrador, April 29, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2025 financial results on Wednesday, May 7, 2025. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's first quarter financial results. Shareholders, analysts, memb ...

The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Fortis (FTS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Fortis is a member of our Utilities group, which includes 106 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sect ...

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]

Financial Data and Key Metrics Changes - Fortis reported a record capital investment of CAD 5.2 billion in 2024, with adjusted EPS growth of approximately 6% [7][26] - The reported EPS for Q4 2024 was CAD 0.79, a CAD 0.01 increase from Q4 2023, while adjusted EPS was CAD 0.83, up CAD 0.11 from the previous year [23][24] - For the full year, reported EPS was CAD 3.24, an increase of CAD 0.14, and adjusted EPS was CAD 3.28, up CAD 0.19 from 2023 [26] Business Line Data and Key Metrics Changes - ITC, the largest utility, achieved a 7% adjusted earnings growth, driven by CAD 1.5 billion in capital investments [27] - U.S. electric and gas utilities increased EPS by CAD 0.12, with UNS Energy contributing CAD 0.08 due to new customer rates and favorable margins [28] - Western Canadian Utilities saw a CAD 0.09 increase in EPS, primarily from rate-based growth [29] Market Data and Key Metrics Changes - The five-year capital plan of CAD 26 billion is on track, with a projected rate base increase of approximately CAD 14 billion to CAD 53 billion by 2029 [12][13] - The company expects average annual rate base growth of 6.5% over the next five years [13] Company Strategy and Development Direction - Fortis remains focused on a regulated growth strategy, with annual dividend growth guidance of 4% to 6% through 2029 [22][42] - The company is committed to reducing climate impacts, having reduced Scope 1 emissions by 34% compared to 2019 levels [8] - Investments are being made to enhance infrastructure and support customer growth across all utilities, particularly in transmission [12][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering stable and compelling returns, with a one-year total shareholder return of approximately 14% [11] - The company is optimistic about future growth opportunities, particularly in Arizona, where significant demand increases are anticipated [15][21] - Management acknowledged the potential impacts of tariffs on the economy and customers but does not foresee immediate material impacts [40] Other Important Information - Fortis was ranked number one in corporate governance among 215 companies in the S&P/TSX Composite Index [8] - The company issued over CAD 3 billion in debt to fund its capital program in 2024 [33] Q&A Session Summary Question: What is the game plan for new rates in Arizona? - Management confirmed plans to file for a formula rate to ensure timely recovery of investments [49] Question: Can projects in BC be accelerated due to favorable permitting? - Management indicated that while existing projects are driven by demand, a streamlined permitting process could improve timelines [54] Question: What are the priorities of the new FERC Chair? - Management noted it is early to determine specific priorities but sees potential for positive growth in the sector [61] Question: What prompted the joint proposal for new nuclear in Arizona? - Management stated it is a preliminary exploration driven by load growth and the need for additional generation [66] Question: How will the formula rates impact TEP? - Management aims to develop a formula that reduces lag and allows for consistent returns [122] Question: What is the outlook for the UNS Gas rate case? - Management is in early stages and expects to learn from the UNS Gas case for TEP's future filings [78] Question: How will the MISO investments impact financing? - Management is optimistic about the MISO opportunities but maintains a cautious approach to dividend growth [110]

Core Viewpoint - Fortis reported quarterly earnings of $0.59 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, and showing an increase from $0.53 per share a year ago, indicating a positive earnings surprise of 3.51% [1] Financial Performance - Fortis generated revenues of $2.11 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.56%, although this represents a slight decrease from $2.12 billion in the same quarter last year [2] - The company has outperformed consensus EPS estimates in all four of the last quarters [2] Stock Performance - Fortis shares have increased approximately 6.6% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $2.3 billion, and for the current fiscal year, it is $2.34 on revenues of $8.94 billion [7] - The estimate revisions trend for Fortis is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Utility - Electric Power industry, to which Fortis belongs, is currently ranked in the bottom 47% of over 250 Zacks industries, suggesting potential challenges ahead [8]

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 ...