Fortis Third Quarter 2022 Earnings: EPS: CA$0.68 (vs CA$0.63 in 3Q 2021)
Fortis (TSE:FTS) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$2.55b (up 16% from 3Q 2021).
Net income: CA$326.0m (up 11% from 3Q 2021).
Profit margin: 13% (in line with 3Q 2021).
EPS: CA$0.68 (up from CA$0.63 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fortis Earnings Insights
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in North America.
Performance of the market in Canada.
The company's shares are down 1.1% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Fortis (1 doesn't sit too well with us) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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