Fortis (FTS) Q2 Earnings and Revenues Beat Estimates

Company Performance - Fortis reported quarterly earnings of $0.55 per share, exceeding the Zacks Consensus Estimate of $0.51 per share, and up from $0.49 per share a year ago, representing an earnings surprise of +7.84% [1] - The company posted revenues of $2.03 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.99%, compared to $1.95 billion in the same quarter last year [2] - Fortis has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Stock Performance - Fortis shares have increased approximately 17.8% since the beginning of the year, outperforming the S&P 500's gain of 7.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $2.08 billion, and for the current fiscal year, it is $2.49 on revenues of $9.02 billion [7] Industry Outlook - The Utility - Electric Power industry, to which Fortis belongs, is currently in the top 33% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can significantly impact stock performance [5][8]