Investors and market participants can look forward to the unveiling of Fortis (NYSE: FTS) third quarter financial results on Tuesday 5th November 2024. This important update will be made available before market open.
As per the predictions of financial analysts on Wall Street, the business is set to report an estimated per share $0.59 profit for the third quarter. Additionally, the company is projected to unveil a revenue of $2 billion for the period.
In the corresponding quarter of the previous year, the company's earnings report revealed a per-share income of $0.63. This significant amount was attributed to the company's remarkable total revenue of $2.03 billion generated during that specific period.
Wall Street analysts have unveiled their forecasts for the company's yearly performance, estimating a total revenue of $8.63 billion. Additionally, they expect the company to reach profit of $2.32 per share for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.49 | +6.5% | 1.95 B | +1.1% |
| Q1 2024 | $0.69 | +3.0% | 2.31 B | -5.8% |
| Q4 2023 | $0.53 | -1.9% | 2.12 B | -10.1% |
| Q3 2023 | $0.63 | +16.7% | 2.03 B | +3.6% |
| Q2 2023 | $0.46 | +2.2% | 1.93 B | -1.0% |
| *Growth on year-over-year basis | ||||
In addition, The firm will review the third quarter financial results on 5th November 2024 at 08:30 AM eastern time, in a conference call with public.
The previous trading day saw Fortis (FTS) shares trading between $42.67 and $43.33, besides a volume of 389.10 thousand shares. The stock closed Friday's regular trading session at $42.79, marking 1.02 percent decline.
