Fortis FTS reported its Q1 earnings results on Wednesday, May 3, 2023 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Fortis beat estimated earnings by 11.67%, reporting an EPS of $0.67 versus an estimate of $0.6.
Revenue was up $205.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 4.22% increase in the share price the next day.
Here's a look at Fortis's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.53 | 0.51 | 0.46 | 0.61 |
| EPS Actual | 0.54 | 0.54 | 0.45 | 0.62 |
| Revenue Estimate | 2.04B | 1.79B | 1.77B | 2.01B |
| Revenue Actual | 2.36B | 1.96B | 1.95B | 2.25B |
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.53 | 0.51 | 0.46 | 0.61 |
| EPS Actual | 0.54 | 0.54 | 0.45 | 0.62 |
| Revenue Estimate | 2.04B | 1.79B | 1.77B | 2.01B |
| Revenue Actual | 2.36B | 1.96B | 1.95B | 2.25B |
To track all earnings releases for Fortis visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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Posted In: EarningsBZI-Recaps