Fortis Inc's latest earnings report shows solid growth amid strategic expansions.
Recent earnings trend
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Fortis Inc
FTS.TO
FTS.TO
Fortis Inc
WealthAwesomeMarket cap
$38.65B
P/E
22.3x
Div. yield
3.37%
Div. / share
$2.54
52W high
$83.07
52W low
$67.17
1W change
+0.65%
Beta
0.41
Analyst Price Targets
Based on analyst covering FTS · as of Oct 6, 2026
Wall Street analysts forecast FTS stock price to rise 7.0% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$80.96
+7.0% Upside
Previously C$81.96 on Oct 2, 2026
Current Price
C$75.66
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FTS's historical volatility
30-Day Vol
9.6%
Annualized
90-Day Vol
12.7%
Annualized
Trend (90d)
-27.4%
Annualized drift
90d Mean
C$68.61
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$73.23 | C$70.86 – C$75.69 |
| 60 trading days | C$70.89 | C$67.65 – C$74.27 |
| 90 trading days | C$68.61 | C$64.80 – C$72.65 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-04 | — | 0.6500 | — |
| 2026-06-30 | 2026-07-31 | 0.7800 | 0.7600 | +2.6% |
| 2026-03-31 | 2026-05-06 | 0.9900 | 1.0000 | -1.0% |
| 2025-12-31 | 2026-02-12 | 0.9000 | 0.8500 | +5.9% |
| 2025-09-30 | 2025-11-04 | 0.8700 | 0.8500 | +2.4% |
| 2025-06-30 | 2025-08-01 | 0.7600 | 0.7000 | +8.6% |
Fortis Inc (TSX: FTS) reported its second-quarter earnings on July 31, 2026, with earnings per share (EPS) of $0.78, exceeding the consensus estimate of $0.76 by 2.6%. This marks the third earnings beat in the last four quarters for the electric utility giant, showcasing its resilience and growth potential.
Investor takeaway: Investors should pay attention to Fortis's consistent performance and strategic growth initiatives, especially the approval of the Tilbury LNG expansion, which could boost future earnings. However, ongoing regulatory challenges and execution risks are important factors to consider.
EPS of $0.78 Exceeds Estimates by 2.6%
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Fortis's year-over-year EPS growth of $0.02 reflects effective management and operational efficiency, despite challenges from regulatory pressures and rising costs.
Bull case
Fortis's strong earnings growth, driven by increased sales and strategic capital investments, positions it well for future success. The company's commitment to sustainability and infrastructure improvements, along with a solid track record of dividend growth, makes it an appealing choice for income-focused investors.
Bear case
Despite recent earnings success, Fortis faces regulatory uncertainties and potential execution risks related to its capital projects. Investors should stay cautious, as these issues could affect the company's ability to maintain growth and profitability in the near term.
Earnings Overview
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Capital Investment and Growth Strategy
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Analyst Insights and Price Targets
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