Earnings Summary

Fortis Inc’s revenue fell -6.06% since last year same period to $3118Mn in the Q1 2024. On a quarterly growth basis, Fortis Inc has generated 8.08% jump in its revenue since last 3-months.

Fortis Inc’s net profit jumped 5.3% since last year same period to $477Mn in the Q1 2024. On a quarterly growth basis, Fortis Inc has generated 19.85% jump in its net profits since last 3-months.

Fortis Inc’s net profit margin jumped 12.09% since last year same period to 15.3% in the Q1 2024. On a quarterly growth basis, Fortis Inc has generated 10.89% jump in its net profit margins since last 3-months.

Fortis Inc’s price-to-earnings ratio after this Q1 2024 earnings stands at 17.86.

Fortis Inc’s earning per share (EPS) estimates for the current quarter stand at 0.47 - a -47.19% fall from last quarter’s estimates.

Fortis Inc’s earning per share (EPS) estimates for the current year stand at 0.47.

Fortis Inc’s earning per share (EPS) jumped 2.2% since last year same period to 0.93 in the Q1 2024. This indicates that the Fortis Inc has generated 2.2% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Fortis Inc’s return on assets (ROA) stands at 0.03.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Fortis Inc’s return on equity (ROE) stands at 0.07.

Fortis Inc declared 0.59 dividend per share during the earnings announcement for Q1 2024.