Fortis Future Growth

Future criteria checks 1/6

Fortis is forecast to grow earnings and revenue by 6.5% and 3.9% per annum respectively. EPS is expected to grow by 4.9% per annum. Return on equity is forecast to be 7.5% in 3 years.

Key information

6.5%

Earnings growth rate

4.9%

EPS growth rate

Electric Utilities earnings growth	8.8%
Revenue growth rate	3.9%
Future return on equity	7.5%
Analyst coverage	Good
Last updated	31 Oct 2024

Recent future growth updates

No updates

Recent updates

No updates

Earnings and Revenue Growth Forecasts

TSX:FTS.PRG - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	12,864	1,809	260	4,300	6
12/31/2025	12,429	1,696	-9	4,051	9
12/31/2024	12,084	1,603	1,939	3,572	8
6/30/2024	11,392	1,565	-1,190	3,268	N/A
3/31/2024	11,316	1,528	-930	3,398	N/A
12/31/2023	11,517	1,506	-624	3,545	N/A
9/30/2023	11,800	1,495	-365	3,668	N/A
6/30/2023	11,634	1,427	-640	3,361	N/A
3/31/2023	11,527	1,417	-728	3,176	N/A
12/31/2022	11,043	1,330	-791	3,074	N/A
9/30/2022	10,458	1,288	-803	2,922	N/A
6/30/2022	10,101	1,257	-592	3,000	N/A
3/31/2022	9,744	1,226	-516	2,981	N/A
12/31/2021	9,448	1,231	-479	2,907	N/A
9/30/2021	9,211	1,234	-763	2,890	N/A
6/30/2021	9,136	1,231	-831	2,865	N/A
3/31/2021	9,083	1,252	-831	2,850	N/A
12/31/2020	8,935	1,209	-1,338	2,701	N/A
9/30/2020	8,915	1,224	-1,287	2,635	N/A
6/30/2020	8,845	1,210	-1,268	2,806	N/A
3/31/2020	8,738	1,656	-1,430	2,712	N/A
12/31/2019	8,783	1,655	-1,057	2,663	N/A
9/30/2019	8,663	1,570	-983	2,566	N/A
6/30/2019	8,652	1,568	-819	2,505	N/A
3/31/2019	8,629	1,088	-717	2,556	N/A
12/31/2018	8,390	1,100	-614	2,604	N/A
9/30/2018	8,295	973	-322	2,833	N/A
6/30/2018	8,156	975	-236	2,837	N/A
3/31/2018	8,224	992	N/A	2,804	N/A
12/31/2017	8,301	963	N/A	2,756	N/A
9/30/2017	8,243	1,018	N/A	2,465	N/A
6/30/2017	7,870	867	N/A	2,143	N/A
3/31/2017	7,340	717	N/A	1,942	N/A
12/31/2016	6,838	585	N/A	1,884	N/A
9/30/2016	6,523	531	N/A	1,806	N/A
6/30/2016	6,561	555	N/A	1,686	N/A
3/31/2016	6,614	692	N/A	1,706	N/A
12/31/2015	6,757	728	N/A	1,673	N/A
9/30/2015	6,712	706	N/A	1,610	N/A
6/30/2015	6,343	569	N/A	1,314	N/A
3/31/2015	5,861	372	N/A	1,167	N/A
12/31/2014	5,401	312	N/A	982	N/A
9/30/2014	4,937	299	N/A	878	N/A
6/30/2014	4,655	335	N/A	929	N/A
3/31/2014	4,389	342	N/A	878	N/A
12/31/2013	4,047	333	N/A	896	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FTS.PRG's forecast earnings growth (6.5% per year) is above the savings rate (2.2%).

Earnings vs Market: FTS.PRG's earnings (6.5% per year) are forecast to grow slower than the Canadian market (16.1% per year).

High Growth Earnings: FTS.PRG's earnings are forecast to grow, but not significantly.

Revenue vs Market: FTS.PRG's revenue (3.9% per year) is forecast to grow slower than the Canadian market (7% per year).

High Growth Revenue: FTS.PRG's revenue (3.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FTS.PRG's Return on Equity is forecast to be low in 3 years time (7.5%).