Can FTS sustain its Q1 2023 EPS growth?

**Fortis' ability to sustain its Q1 2023 EPS growth is uncertain**. Here's why:

1. **Recent Performance**: Fortis reported a diluted EPS of $0.67 for Q1 2023, which represents a 2.45% decrease from the previous quarter's EPS. This decline suggests that Fortis has experienced a dip in profitability, which could impact its ability to sustain growth.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|FTS|FTS.N|Fortis|2022 Q2|5.294993088410798|0.4583948419|169|
|FTS|FTS.N|Fortis|2022 Q3|1.0719857743333912|0.4944735328|169|
|FTS|FTS.N|Fortis|2023 Q1|12.242593336538537|0.665434377|169|

2. **Market Conditions**: The broader market conditions and the specific challenges faced by Fortis in Q1 2023 are not fully clear from the available data. External factors such as regulatory changes, competitive pressures, and economic conditions can significantly impact a company's financial performance.
3. **Strategic Initiatives**: Fortis has been working on enhancing shareholder value through capital execution and a diversified portfolio of regulated utility businesses. The success of these initiatives in sustaining EPS growth will depend on various factors, including execution and market receptivity to the company's strategies.
4. **Analyst Estimates and Price Targets**: Analysts have issued earnings estimates for Fortis in Q4 2022, but these do not provide a clear indication of whether EPS growth will be sustained. Similarly, price target adjustments by analysts, such as UBS Group's reduction in its target price, suggest a cautious outlook.

In conclusion, while Fortis has a history of enhancing shareholder value and beating earnings expectations in certain quarters, the current data does not provide a strong basis for optimism regarding the sustained growth of its Q1 2023 EPS. The company's ability to navigate market challenges, execute its strategic plans, and respond to regulatory and competitive factors will be critical in determining its future earnings trajectory.