Fortis Q4 Adj. EPS $0.529 Misses $0.530 Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortis (NYSE:FTS) reported its Q4 adjusted earnings per share (EPS) at $0.529, slightly missing the analyst consensus estimate of $0.53 by 0.19%. This represents a 2.04% decrease from the $0.54 EPS reported in the same quarter last year.
February 09, 2024 | 11:05 am
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NEGATIVE IMPACT
Fortis reported Q4 adjusted EPS of $0.529, missing estimates by 0.19% and marking a 2.04% decrease YOY.
Missing the analyst consensus, even by a small margin, can lead to negative investor sentiment in the short term. The year-over-year decrease in EPS further compounds the potential for a negative reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100