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As Fortis approaches its earnings announcement on November 4, investors are keenly focused on the company's ability to sustain its steady growth trajectory in the utility sector, particularly given its substantial market cap of approximately $25.9 billion. With an EPS estimate of $0.61, slightly below the whisper number of $0.63, the market is subtly signaling higher expectations for Fortis' profitability. The revenue estimate stands at $2.17 billion, reflecting the company's consistent performance in delivering reliable energy solutions. Despite the absence of recent news, Fortis' strategic emphasis on expanding its renewable energy portfolio could play a pivotal role in meeting or exceeding these expectations. As the utility giant continues to navigate the evolving energy landscape, its upcoming earnings report will be a critical indicator of its operational resilience and strategic foresight.
Fortis Inc. is a gas and electric utility company in Canada, the United States, and the Caribbean countries. The company is headquartered in St. John's, Canada.
Website: https://www.fortisinc.com
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