What caused FTS's Q4 2023 EPS to drop sharply?

Fortis Inc. (FTS) did not report an earnings per share (EPS) in Q4 2023. However, from the relevant information, we can infer that the company's strategic investments may have had an impact on its earnings. The company's increased capital investments, particularly in the Eagle Mountain pipeline project, could have affected its profitability in the quarter. These investments are likely to have been reflected in the company's financial performance, potentially impacting the EPS. Furthermore, the company's EPS growth trend over the past three years has been relatively modest, with a compound annual growth rate (CAGR) of 4.8%. This suggests that the company's earnings have not been growing at a rapid pace, which could be a contributing factor to the EPS drop in Q4 2023. In summary, Fortis Inc.'s Q4 2023 EPS drop may have been caused by increased capital investments and strategic projects, and the modest EPS growth trend over the past three years. |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |FTS|FTS.N|Fortis|2023 Q1|12.242593336538537|0.665434377|169| |FTS|FTS.N|Fortis|2023 Q2|0.5691129920194613|0.4610036265|169| |FTS|FTS.N|Fortis|2023 Q3|21.027401671275054|0.5984484687|169|