BCE Earnings: Everything You Must Know Now
BCE, Inc. (NYSE:BCE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
BCE, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 24.51% to $0.77 in the quarter versus EPS of $1.02 in the year-earlier quarter.
Revenue: Rose 3.23% to $5 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: BCE, Inc. reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $4.98 billion.
Quoting Management: “At Bell, we’re dedicated to bringing the world’s most advanced communications services to Canadians – fast-growing mobile LTE and fibre networks delivering new choices in wireless, TV, Internet, media and business communications. Bell’s unmatched investment in Canada’s broadband infrastructure, innovative new products, and strong execution by the almost 60,000 members of the Bell national team have resulted in robust financial performance and rapid expansion in our growth services,” said George Cope, President and CEO of BCE and Bell Canada.
Key Stats (on next page)…
Revenue increased 3.29% from $4.84 billion in the previous quarter. EPS were the same at $0.77 as the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.78 to a profit $0.81. For the current year, the average estimate has moved up from a profit of $3.02 to a profit of $3.03 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)