How did FTS's Q1 2023 EPS outperform forecasts?
4/7/2025 11:40am
For Fortis Inc. (FTS), there is no available data or information regarding its Q1 2023 EPS outperforming forecasts. In fact, the available earnings preview and actual earnings reports for Fortis do not specifically mention Q1 2023 EPS performance.
1. **Earnings Preview and Actual Earnings Reports**: The earnings preview for Fortis Q3 2024 earnings by Yahoo Finance (accessed October 29, 2024) does not provide any information about Q1 2023 EPS. The actual earnings reports for Fortis, such as the one highlighted on Gurufocus (accessed August 1, 2024) and Investing.com (accessed November 5, 2024), also do not specifically mention Q1 2023 EPS.
2. **Financial Performance in Other Quarters**: The available information suggests that Fortis has had strong financial performance in other quarters. For instance, the company reported significant capital investments and positive EPS growth in Q2 2024, despite facing regulatory challenges. In Q3 2024, Fortis reported a solid quarter with increased capital investments and raised dividends. The company's 2024 performance was strong, with $5.2 billion in capital investments and adjusted EPS growth of 6%.
3. **Conclusion**: Based on the available information, there is no evidence to suggest that Fortis's Q1 2023 EPS outperformed forecasts. The company's financial performance in other quarters, including Q2 and Q3 2024, has been positive, with significant capital investments and EPS growth. However, without specific data or information about Q1 2023, it is not possible to provide a detailed analysis of its EPS performance during that quarter.