As you might know, Fortis Inc. (TSE:FTS) recently reported its third-quarter numbers. Results look mixed - while revenue fell marginally short of analyst estimates at CA$2.8b, statutory earnings were in line with expectations, at CA$0.85 per share. 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 gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for Fortis

Taking into account the latest results, the consensus forecast from Fortis' eleven analysts is for revenues of CA$12.6b in 2025. This reflects a solid 9.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 5.2% to CA$3.37. In the lead-up to this report, the analysts had been modelling revenues of CA$12.4b and earnings per share (EPS) of CA$3.34 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of CA$60.21, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Fortis analyst has a price target of CA$65.00 per share, while the most pessimistic values it at CA$43.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Fortis shareholders.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of Fortis'historical trends, as the 7.7% annualised revenue growth to the end of 2025 is roughly in line with the 7.2% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 4.7% per year. So it's pretty clear that Fortis is forecast to grow substantially faster than its industry.

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. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. 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. We have estimates - from multiple Fortis analysts - going out to 2026, and you can see them free on our platform here.

You still need to take note of risks, for example - Fortis has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.

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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.