As you might know, Fortis Inc. (TSE:FTS) just kicked off its latest first-quarter results with some very strong numbers. The company beat expectations with revenues of CA$3.3b arriving 6.5% ahead of forecasts. Statutory earnings per share (EPS) were CA$1.00, 3.1% ahead of estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

We've discovered 2 warning signs about Fortis. View them for free.TSX:FTS Earnings and Revenue Growth May 9th 2025

Taking into account the latest results, the consensus forecast from Fortis' eleven analysts is for revenues of CA$12.1b in 2025. This reflects an okay 3.5% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 3.5% to CA$3.40. Yet prior to the latest earnings, the analysts had been anticipated revenues of CA$12.4b and earnings per share (EPS) of CA$3.40 in 2025. The consensus seems maybe a little more pessimistic, trimming their revenue forecasts after the latest results even though there was no change to its EPS estimates.

View our latest analysis for Fortis

The average price target was steady at CA$65.69even though revenue estimates declined; likely suggesting the analysts place a higher value on earnings. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Fortis, with the most bullish analyst valuing it at CA$72.00 and the most bearish at CA$42.00 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Fortis' revenue growth is expected to slow, with the forecast 4.6% annualised growth rate until the end of 2025 being well below the historical 6.9% p.a. growth over the last five years. Compare this to the 36 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 4.6% per year. Factoring in the forecast slowdown in growth, it looks like Fortis is forecast to grow at about the same rate as the wider industry.

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The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Sadly, they also downgraded their revenue forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. Still, earnings are more important to the intrinsic value of the business. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Fortis. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Fortis going out to 2027, and you can see them free on our platform here..

You should always think about risks though. Case in point, we've spotted  2 warning signs for Fortis you should be aware of, and 1 of them shouldn't be ignored.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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