FTS Earnings Prediction
The chart below shows how FTS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FTS sees a -1.07% change in stock price 10 days leading up to the earnings, and a +1.48% change 10 days following the report. On the earnings day itself, the stock moves by +0.76%. This data can give you a slight idea of what to expect for the next quarter's release.
FTS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.95B
2.22%
6.42%
Gross Margin
56.26%
5.95%
0.32%
Operating Margin
29.30%
8.52%
-0.27%
Net Margin
15.29%
1.39%
-11.36%
EPS
3.24
315.38%
281.18%
No Data Available
FTS Earnings Analysis
Fortis Inc Corporation (FTS.N) Earnings Conference Call
Positive
Earnings Per Share Beat: Fortis Inc. reported an EPS of $0.583, exceeding expectations of $0.57, indicating strong financial performance.
Record Capital Investment: The company invested a record $5.2 billion in capital in 2024, supporting its growth strategy and operational reliability.
Adjusted EPS Growth: Fortis achieved a 6% growth in adjusted EPS for 2024, reflecting consistent execution and a solid regulated growth strategy.
Dividend Increase Commitment: The company has increased its dividend to $2.39 per share, marking 51 consecutive years of dividend increases, demonstrating commitment to shareholder returns.
Corporate Governance Excellence: Fortis was ranked number one in corporate governance among 215 companies in the S&P/TSX Composite Index, highlighting its best-in-class governance practices.
Scope 1 Emissions Reduction: The company reduced Scope 1 emissions by 34% compared to 2019 levels, showcasing its commitment to sustainability and reducing climate impacts.
Strong Shareholder Returns: Fortis delivered a one-year total shareholder return of approximately 14%, with a 20-year average annual return of about 10%, indicating strong long-term performance.
Capital Investment Strategy: The five-year capital plan of $26 billion is on track, focusing on low-risk, regulated investments that support infrastructure and customer growth.
Earnings Growth in Utilities: ITC's adjusted earnings grew by 7% over 2023, driven by significant capital investments, reflecting strong performance in the utility sector.
Future Growth Potential: The company is well-positioned for future growth with potential new customer loads in Arizona, which could significantly increase retail sales.
Negative
Operating Costs Impact Growth: Higher operating costs at TEP due to increased labor costs and planned generation maintenance in 2024, which tempered overall growth.
Foreign Exchange Losses Impact: Unrealized losses on foreign exchange, derivatives, and total return swaps negatively impacted growth in the fourth quarter.
EPS Decrease Analysis: The Corporate and Other segment reflected an $0.08 EPS decrease, mainly driven by higher holding company finance costs and unrealized losses on derivative contracts.
Dollar Strength Impact: The strengthening of the U.S. dollar in late 2024 could impact the five-year capital plan significantly, with every $0.05 change in the exchange rate resulting in an approximately $600 million change.
Cash Flow to Debt Ratio: Moody’s cash flow to debt ratio decreased from 2023, mainly driven by ITC and FortisBC Energy, reflecting timing of cash flows associated with regulatory deferrals, which could raise concerns about financial stability.
Negative Outlook on Rating: S&P maintained a negative outlook on Fortis’ A minus issuer rating, indicating potential concerns regarding the company's future performance and risks.
FTS FAQs
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FTS Earning Call Sentiment
Fortis Inc. (NYSE:FTS) Q4 2024 Earnings Call Transcript
FTS.N
0.73%Positive
The earnings call summary and Q&A indicate strong financial performance, with record capital investment and adjusted EPS growth. Shareholder returns are robust, with consistent dividend increases. Despite some regulatory and operational risks, the strategic focus on infrastructure and rate base growth, along with a solid dividend policy, suggests a positive sentiment. The Q&A revealed some uncertainties, but overall, the company's proactive strategies and financial health are likely to lead to a positive stock price movement.
