BCE Earnings: Everything You Must Know Now

BCE, Inc. (NYSE:BCE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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BCE, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 2.67% to $0.77 in the quarter versus EPS of $0.75 in the year-earlier quarter.

Revenue: Rose 0.05% to $4.92 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 $0.71. It missed the average revenue estimate of $4.97 billion.

Quoting Management: “Industry-leading investment in next-generation networks and services continues to drive Bell’s transformation,” said George Cope , President and Chief Executive Officer of BCE and Bell. “With the Bell team’s focused execution of our 6 Strategic Imperatives, our operating mix is increasingly dominated by wireless, TV, media and Internet growth services – now representing more than 80% of Bell’s revenue.”

Key Stats (on next page)…

Revenue decreased 1.2% from $4.98 billion in the previous quarter. EPS increased 18.46% from $0.65 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.90 to a profit $0.83. For the current year, the average estimate has moved down from a profit of $3.17 to a profit of $3.01 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)