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RCI.B — Rogers Communications News Story

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Rogers Communications Inc reports results for the quarter ended June 30 - Earnings Summary

Rogers Communications Inc RCIb.TO reported quarterly adjusted earnings of C$1.14​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of C$1.16.  The mean expectation of fourteen analysts for the quarter was for earnings of C$1.10 per share. Wall Street expected results to range from 97 cents to C$1.18 per share.

Revenue rose 2.4% to C$5.22 billion from a year ago; analysts expected C$5.18 billion.

Rogers Communications Inc's reported EPS for the quarter was 29 cents​.

The company reported quarterly net income of C$157 million.

Rogers Communications Inc shares had risen by 15.0% this quarter and gained 5.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.8% in the last three months.​

In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 3 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Rogers Communications Inc is C$53.00, about 12.4% above its last closing price of C$46.44

This summary was machine generated from LSEG data July 23 at 01:31 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20251.101.14Beat
Mar. 31 20251.010.99Missed
Dec. 31 20241.361.46Beat
Sep. 30 20241.361.42Beat

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