Fortis (FTS) Misses Q3 Earnings Estimates

Core Insights - Fortis reported quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.61 per share, and down from $0.62 per share a year ago, representing an earnings surprise of -3.28% [1] - The company posted revenues of $2.13 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.74% and up from $2.03 billion year-over-year [2] - Fortis shares have increased approximately 19.8% year-to-date, outperforming the S&P 500's gain of 16.5% [3] Earnings Outlook - The future performance of Fortis stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $0.62 on revenues of $2.14 billion, and for the current fiscal year, it is $2.48 on revenues of $8.98 billion [7] Industry Context - The Utility - Electric Power industry, to which Fortis belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The correlation between near-term stock movements and earnings estimate revisions suggests that tracking these revisions can provide insights into stock performance [5][6]