Fortis Future Growth
Future criteria checks 1/6
Fortis is forecast to grow earnings and revenue by 6.6% and 3.7% per annum respectively. EPS is expected to grow by 4.9% per annum. Return on equity is forecast to be 7.8% in 3 years.
Key information
6.6%
Earnings growth rate
4.9%
EPS growth rate
| Electric Utilities earnings growth | 9.0% |
| Revenue growth rate | 3.7% |
| Future return on equity | 7.8% |
| Analyst coverage | Good |
| Last updated | 25 Apr 2024 |
Recent future growth updates
No updates
Recent updates
Fortis Inc. (TSE:FTS) Shares Could Be 22% Below Their Intrinsic Value Estimate
Apr 03
Returns At Fortis (TSE:FTS) Appear To Be Weighed Down
Feb 29Risks To Shareholder Returns Are Elevated At These Prices For Fortis Inc. (TSE:FTS)
Dec 25If EPS Growth Is Important To You, Fortis (TSE:FTS) Presents An Opportunity
Dec 04Fortis' (TSE:FTS) Upcoming Dividend Will Be Larger Than Last Year's
Oct 29Does Fortis (TSE:FTS) Have A Healthy Balance Sheet?
Oct 18Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes
Sep 21Calculating The Intrinsic Value Of Fortis Inc. (TSE:FTS)
Aug 18Here's Why We Think Fortis (TSE:FTS) Is Well Worth Watching
Aug 03Is Fortis (TSE:FTS) Using Too Much Debt?
Jul 05Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes
Jun 04A Look At The Intrinsic Value Of Fortis Inc. (TSE:FTS)
Apr 19Is Fortis (TSE:FTS) A Risky Investment?
Mar 23Investors Met With Slowing Returns on Capital At Fortis (TSE:FTS)
Feb 24Calculating The Fair Value Of Fortis Inc. (TSE:FTS)
Jan 18These 4 Measures Indicate That Fortis (TSE:FTS) Is Using Debt Extensively
Dec 19Fortis' (TSE:FTS) Dividend Will Be Increased To CA$0.565
Nov 07Fortis (TSE:FTS) Has Announced That It Will Be Increasing Its Dividend To CA$0.565
Oct 24Estimating The Fair Value Of Fortis Inc. (TSE:FTS)
Oct 16Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.565
Oct 02Returns On Capital At Fortis (TSE:FTS) Have Stalled
Sep 14Fortis (TSE:FTS) Has A Somewhat Strained Balance Sheet
Aug 30A Look At The Intrinsic Value Of Fortis Inc. (TSE:FTS)
Jul 04Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes
Jun 16These 4 Measures Indicate That Fortis (TSE:FTS) Is Using Debt Extensively
Jun 01A Look At The Fair Value Of Fortis Inc. (TSE:FTS)
Mar 30We Like These Underlying Return On Capital Trends At Fortis (TSE:FTS)
Mar 15Is Fortis (TSE:FTS) Using Too Much Debt?
Feb 28Fortis (TSE:FTS) Is Increasing Its Dividend To CA$0.54
Jan 16Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.54
Jan 02Are Investors Undervaluing Fortis Inc. (TSE:FTS) By 50%?
Dec 19Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.54
Nov 21Fortis (TSE:FTS) Has Some Way To Go To Become A Multi-Bagger
Nov 17Does Fortis (TSE:FTS) Have A Healthy Balance Sheet?
Nov 02Fortis (TSE:FTS) Has Announced That It Will Be Increasing Its Dividend To CA$0.54
Oct 03The Returns At Fortis (TSE:FTS) Aren't Growing
Aug 15Is Fortis (TSE:FTS) A Risky Investment?
Aug 02Calculating The Fair Value Of Fortis Inc. (TSE:FTS)
Jul 05Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 12,912 | 1,818 | 387 | 4,220 | 6 |
| 12/31/2025 | 12,534 | 1,681 | 2,089 | 3,982 | 7 |
| 12/31/2024 | 11,992 | 1,575 | 1,967 | 3,802 | 7 |
| 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 | -196 | 2,804 | N/A |
| 12/31/2017 | 8,301 | 963 | -268 | 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 |
| 9/30/2013 | 3,817 | 320 | N/A | 854 | N/A |
| 6/30/2013 | 3,616 | 315 | N/A | 962 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTS's forecast earnings growth (6.6% per year) is above the savings rate (2%).
Earnings vs Market: FTS's earnings (6.6% per year) are forecast to grow slower than the Canadian market (12.1% per year).
High Growth Earnings: FTS's earnings are forecast to grow, but not significantly.
Revenue vs Market: FTS's revenue (3.7% per year) is forecast to grow slower than the Canadian market (6.7% per year).
High Growth Revenue: FTS's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FTS's Return on Equity is forecast to be low in 3 years time (7.8%).