Canada's Quebecor Q1 revenue rises beats on telecom growth

Quebecor

14/05/2026 11:09

Overview

Canada telecom and media firm's Q1 revenue rose 3.9%, beating analyst expectations

Adjusted EPS for Q1 rose 18.6% yr/yr to C$0.97

Company repurchased and cancelled C$85.2 mln in shares during the quarter

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

TELECOM GROWTH - Telecommunications segment revenue rose C$56.8 mln (4.9%) yr/yr, led by mobile telephony and internet access gains

COST CONTROL & LOWER FINANCIAL EXPENSES - Adjusted cash flows from operations rose 10% yr/yr, aided by lower capital expenditures and a C$16.3 mln decrease in financial expenses

FREEDOM MOBILE & NEW OFFERS - Freedom Mobile's growth and new plan launches, plus Videotron's 2 GIGA internet rollout, contributed to subscriber and revenue gains

Company press release: ID:nPn7Xmwnma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
C$1.4 bln
C$1.37 bln (8 Analysts)
Q1 Adjusted EPS
C$0.97
Q1 Net Income
C$224.1 mln
Q1 Adjusted Free Cash Flow
C$443.7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Quebecor Inc is C$60.00, about 4.2% above its May 13 closing price of C$57.58

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)