Latest news with #Fortis
Globe and Mail
3 hours ago
- Business
- Globe and Mail
Advisory: Fortis Inc. to Hold Teleconference and Webcast on August 1 to Discuss Second Quarter 2025 Results
ST. JOHN'S, Newfoundland and Labrador, July 24, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its second quarter 2025 financial results on Friday, August 1, 2025. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's second quarter financial results. Shareholders, analysts, members of the media and other interested parties are invited to listen to the teleconference via the live webcast on the Corporation's website, Those members of the financial community in Canada and the United States wishing to ask questions during the call are invited to participate toll free by calling 1.833.821.0229. Individuals in other international locations can participate by calling 1.647.846.2371. Please dial in 10 minutes prior to the start of the call. No access code is required. Alternatively, individuals may pre-register for the call by visiting Upon registering, individuals will receive a calendar invite by email with dial in details and a unique access code enabling them to bypass the teleconference operator queue. Registration will remain open until the end of the teleconference. A live and archived audio webcast of the teleconference will be available on the Corporation's website, A replay of the teleconference will be available two hours after the conclusion of the call until September 1, 2025. Please call 1.855.669.9658 or 1.412.317.0088 and enter access code 7967787#. About Fortis Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $75 billion as at March 31, 2025. The Corporation's 9,800 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries. Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at , or For further information contact
Yahoo
a day ago
- Business
- Yahoo
Will Fortis (FTS) Beat Estimates Again in Its Next Earnings Report?
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Fortis (FTS), which belongs to the Zacks Utility - Electric Power industry. This electric and gas utility has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 2.48%. For the most recent quarter, Fortis was expected to post earnings of $0.7 per share, but it reported $0.69 per share instead, representing a surprise of 1.45%. For the previous quarter, the consensus estimate was $0.57 per share, while it actually produced $0.59 per share, a surprise of 3.51%. Price and EPS Surprise Thanks in part to this history, there has been a favorable change in earnings estimates for Fortis lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Fortis has an Earnings ESP of +1.48% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 1, 2025. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fortis (FTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
a day ago
- Business
- Time of India
Fortis, Gleneagles India Collaborate under IHH to manage Operations
New Delhi: IHH Healthcare Berhad ('IHH') has announced a collaboration between its India subsidiaries - Fortis Healthcare Limited ('Fortis'), and Gleneagles Healthcare India Private Limited ('Gleneagles India'). The collaboration aims to drive stronger business performance and long-term sustainable growth. By combining the operational and financial strengths of Fortis and Gleneagles India, the partnership seeks to unlock significant synergies. According to IHH, this alliance will integrate the expertise of both brands across 11 states, enhancing patient care delivery and improving access to doctors. It is stated that under operation and maintenance services ('O&M Services') agreement, Fortis will manage the operations of five out of six hospitals under the Gleneagles India network. This agreement is conditional on receipt of acceptance and acknowledgement of relevant parties. Dr Prem Kumar Nair, Group Chief Executive Officer of IHH, said: 'The O&M Services agreement reflects our commitment to long-term growth in one of our most important markets, by deepening collaboration that will enhance patient care and outcomes and drive greater operational efficiencies. With our shared commitment and complementary strengths, we are creating a comprehensive pan-India hospital network to meet the evolving healthcare needs of millions across the country.'
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Business Standard
a day ago
- Business
- Business Standard
IHH inks Fortis-Gleneagles O&M deal to strengthen pan-India platform
Under the agreement, Fortis will manage operations of six Gleneagles hospitals and one clinic, earning a monthly fee and expanding its bed capacity and national presence Sanket Koul New Delhi In a bid to consolidate its healthcare presence in India, Malaysian healthcare major IHH on Wednesday announced an operation and maintenance (O&M) services agreement between its two subsidiary companies—Fortis Healthcare and Gleneagles Healthcare India (GHIPL). As part of the agreement, Fortis will manage the operations of five out of the six hospitals and one clinic under the Gleneagles India network. The agreement will become effective for the sixth hospital—Gleneagles BGS Hospital in Karnataka—upon receipt of acceptance and acknowledgment from certain third parties. The move expands Fortis' geographic footprint by increasing beds under its management, and provides incremental revenue and improves profitability through direct service fees. As part of the deal, Fortis will be entitled to receive a monthly service fee at the rate of 3 per cent of the net revenue of GHIPL's hospitals business on a consolidated basis, which stood at Rs 718.5 crore as of March 31, 2025. Fortis' consolidated revenue stood at Rs 7,783 crore for the full financial year 2024–25 (FY25), of which Rs 6,528 crore came from its hospital business. The healthcare major currently has 4,750 operational beds, including O&M beds, in 27 facilities. It recorded 69 per cent bed occupancy, generating an average revenue of Rs 2.42 crore per occupied bed in FY25. The Delhi-based chain, however, added that the arrangement with Gleneagles is being done on an arm's length basis, as determined by an independent financial adviser. 'The arrangement does not entail any acquisition and is only for the provision of O&M services,' Fortis said in a regulatory filing on the exchanges. The filing also stated that GHIPL shall bear all third-party and out-of-pocket expenses incurred by Fortis, in the manner laid down in the definitive documents. Commenting on the deal, Prem Kumar Nair, group chief executive officer of IHH, said the O&M services agreement reflects the company's commitment to long-term growth in one of its most important markets. He added that this is being done by deepening collaboration to enhance patient care and outcomes and drive greater operational efficiencies.
Daily Telegraph
3 days ago
- Business
- Daily Telegraph
Move in next door to billionaire chicken heiress at Piper
11/2A Wunulla Rd, Point Piper has a $13m price guide. Billionaire Ingham chicken heiress Sue Ingham sold Point Piper's most valuable apartment recently to move into the new hotly-anticipated Piper development between Rose Bay, Bellevue Hill and Double Bay villages. She got $29.5m for her Buckhurst Ave apartment and is believed to have paid more than $16m for the Piper penthouse. So the wife of the late Ingham chicken billionaire and racehorse owner Jack Ingham is going to be a neighbour to whoever buys the sub-penthouse at 11/2A Wunulla Rd, Point Piper which consists of 269sqm of artful architecture and timeless luxury. MORE: Suburbs where 150 buyers are vying for each home Sue Ingham wih her late husband, Jack, athe Ingham chicken billionaire and racehorse owner, in 1997. 11/2A Wunulla Rd, Point Piper. NSW Real Estate. It's up for sale via Highland Double Bay Malouf's Bill Malouf with a $13m guide guide. 'Piper is in an ultra-convenience location, close to all the top private schools and has been created with the pinnacle of luxury living in mind,' Mr Malouf says. The four-bedroom, three-bathroom sub-penthouse has all the sculptural beauty of the penthouse and is part of the penthouse collection, premium residences with expansive terraces, a private wine room and views. Acclaimed boutique developers Fortis and Dare are behind the mid-rise project which sits among some of the country's most exclusive and historic homes with views of Sydney Harbour. Bellamy Beach is across the road to the east and to the west is Seven Shillings Beach and the full majesty of Sydney Harbour. 11/2A Wunulla Rd, Point Piper. NSW Real Estate. 11/2A Wunulla Rd, Point Piper. NSW Real Estate. Some of the nation's most prestigious schools are nearby with Cranbrook School just 150m away, The Scots College 390m away and Ascham School just 1 kilometre away. Meanwhile, the Royal Motor Yacht Club is nearby further along Wunulla Rd and Point Piper marina is even closer. So this is blue-ribbon buying at its best. No wonder the well-known heiress is buying in. Some of the other residents are starting to move into the building too. There are 14 units in all, two, three and four-bedroom residences. The sub-penthouse has an expansive layout with dual balconies and garden outlooks. The marble kitchen has premium appliances plus a butler's pantry and the interiors have been styled by Mim Design in a layered natural palette. 11/2A Wunulla Rd, Point Piper. NSW Real Estate. 11/2A Wunulla Rd, Point Piper. NSW Real Estate. The elevated position allows the residence to be bathed in sunshine and there are floor to ceiling glass doors for maximum light and views. The main bedroom suite is luxurious with its indulgent ensuite. Outside the lush exotic garden with sandstone retreats has been laid out by landscaper Dangar Barin Smith. The sub-penthouse has been styled in collaboration with Jack Freeman and features a collection of furniture and art valued at more than $2m that helps showcase the home. The furniture and art can be bought additionally. MORE: Sydney home sells $550k over reserve .
