Fortis's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Fortis (NYSE:FTS) is expected to report an EPS of $0.53 in its upcoming quarterly earnings on February 9, 2024. Analysts and investors are looking for an earnings beat and positive guidance for future growth. Despite beating EPS estimates in previous quarters, Fortis's stock price has shown mixed reactions. Currently, shares are trading at $39.33, down 5.23% over the last year. This performance may concern long-term shareholders as they await the earnings report.
February 08, 2024 | 2:00 pm
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Fortis is anticipated to report a quarterly EPS of $0.53 on February 9, 2024. The company's past performance shows a mixed reaction to earnings reports, with shares currently down 5.23% over the last year.
Fortis's upcoming earnings report is crucial, given its history of mixed stock price reactions to earnings announcements. The expected EPS of $0.53 sets a benchmark for performance. However, the stock's negative year-to-date performance and the historical mixed reactions to earnings beats or misses introduce uncertainty, making it challenging to predict the short-term stock price movement confidently.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100