Fortis reports third-quarter results before the market opens on November 3. Analysts expect earnings and revenue to rise from a year ago. The company’s recent results are encouraging, but its new five-year capital outlook may matter as much as quarterly earnings per share (EPS).
Fortis Inc. (TSX: FTS) plans to report results for the quarter ended September 30, 2026, before the market opens on Tuesday, November 3. Nine analysts expect EPS of C$0.90, with estimates ranging from C$0.87 to C$0.96. Two analysts expect revenue of C$3.17 billion. Those estimates point to year-over-year growth of 4.0% in EPS and 8.0% in revenue.
Recent earnings trend
Fortis Inc
FTS.TO
FTS.TO
Fortis Inc
WealthAwesomeMarket cap
$41.88B
P/E
24.1x
Div. yield
3.12%
Div. / share
$2.54
52W high
$83.07
52W low
$67.37
1W change
+0.37%
Beta
0.41
Analyst Price Targets
Based on analyst covering FTS · as of Oct 29, 2026
Wall Street analysts forecast FTS stock price to fall 0.1% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$81.18
-0.1% Upside
Previously C$80.96 on Oct 6, 2026
Current Price
C$81.29
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
14.3%
Annualized
90-Day Vol
13.9%
Annualized
Trend (90d)
+19.4%
Annualized drift
90d Mean
C$87.84
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$83.88 | C$79.84 – C$88.13 |
| 60 trading days | C$85.84 | C$80.05 – C$92.05 |
| 90 trading days | C$87.84 | C$80.64 – C$95.68 |
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.
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 | 2026-11-03 | — | 0.6300 | — |
| 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 has beaten EPS estimates in three of its past four reported quarters, though that doesn’t guarantee another beat. On the results call, the company will also share a new five-year capital outlook for 2027–2031. Investors will want to hear how Fortis plans to invest and what management says about growth.
Investor takeaway: Expectations point to steady growth, not a major shift. The EPS consensus has stayed at C$0.90 over the past 30 days. One analyst raised an estimate, and none lowered one. Fortis beat estimates in three of its past four quarters, including EPS of C$0.78 versus C$0.76 in June, but fell just short of consensus in March. Consider the quarterly results alongside the 2027–2031 capital outlook and management’s comments. Fortis is a regulated electric and gas utility operating in Canada, the United States and the Cayman Islands. For more company data, see the Fortis stock page.
C$0.90 EPS consensus for Q3
Nine analysts expect Fortis to earn C$0.90 per share for the quarter ended September 30, up 4.0% from C$0.87 a year earlier. Revenue is expected to reach C$3.17 billion, an estimated increase of 8.0%. Only two analysts contributed to the revenue estimate.
Bull case
Analysts expect both EPS and revenue to grow year over year. Fortis has also met or beaten quarterly EPS estimates in three of its past four reports. Its regulated utility business gives investors a basis for assessing earnings visibility, and the upcoming capital outlook should explain how the company plans to invest over the next five years. The EPS consensus has held steady over the past 30 days, with no net change in expectations.
Bear case
Three beats in four quarters don’t guarantee another one. Fortis missed consensus by 1.0% in March, and the estimate range of C$0.87 to C$0.96 leaves room for EPS to come in below the C$0.90 consensus. Shares recently closed at C$81.29, close to their 52-week high of C$83.07. The average analyst price target is C$81.18, suggesting little upside from that closing price. Even a solid report may need supportive guidance to change the discussion around the stock’s valuation.
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