BCE Inc reports results for the quarter ended in September 30 - Earnings Summary

BCE

07/11/2024 14:32

* BCE Inc  BCE.TO  reported quarterly adjusted earnings of
75
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 81
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 77 cents per share. Wall Street
expected results to range from 75 cents to 80 cents per share.
    * Revenue fell 1.8% to C$5.97 billion from a year ago;
analysts
expected C$6.03 billion. 
    * BCE Inc's reported EPS for the quarter was a loss of
C$1.36​.
    * The company reported a quarterly loss of C$1.24 billion.
    * BCE Inc shares had fallen by 14.8% this quarter and
lost 23.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 14
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
telecommunications services peer group is also "hold"

Wall Street's median 12-month price target for BCE Inc is 47.25 
This summary was machine generated from LSEG data November 7 at
02:32 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.77           0.75           Missed
 Jun. 30 2024      0.78           0.78           Met
 Mar. 31 2024      0.69           0.72           Beat
 Dec. 31 2023      0.73           0.76           Beat