In This Article:
Fortis (TSE:FTS) Full Year 2024 Results
Key Financial Results
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Revenue: CA$11.5b (flat on FY 2023).
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Net income: CA$1.68b (up 12% from FY 2023).
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Profit margin: 15% (up from 13% in FY 2023).
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EPS: CA$3.24 (up from CA$3.10 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fortis Revenues Disappoint
Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electric Utilities industry in North America.
Performance of the market in Canada.
The company's shares are up 2.4% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Fortis (including 1 which makes us a bit uncomfortable).
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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.