Fortis (FTS) Q4 Earnings and Revenues Beat Estimates

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]