Telus Corp reports results for the quarter ended September 30 - Earnings Summary

Telus

08/11/2024 16:19

* Telus Corp  T.TO  reported quarterly adjusted earnings of
28
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 25 cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 24 cents per share. Wall Street
expected results to range from 22 cents to 26 cents per share.
    * Revenue rose 1.8% to C$5.10 billion from a year ago;
analysts
expected $5.04 billion. 
    * Telus Corp's reported EPS for the quarter was 19 cents​.
    * The company reported quarterly net income of C$280
million.
    * Telus Corp shares had fallen by 7.4% this quarter and
lost 10.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Telus Corp is
24.00 
This summary was machine generated from LSEG data November 8 at
04:19 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      0.24           0.28           Beat
 Jun. 30 2024      0.22           0.25           Beat
 Mar. 31 2024      0.23           0.26           Beat
 Dec. 31 2023      0.23           0.24           Beat