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BCE's Q3 Earnings & Revenues Miss Estimates, Fall Y/Y, Stock Down
ZACKS· 2024-11-08 17:36
BCE Inc. (BCE) reported third-quarter 2024 adjusted earnings per share (EPS) of C$0.75 (55 cents) compared with C$0.81 in the prior-year quarter. The Zacks Consensus Estimate was pegged at 57 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly total operating revenues dipped 1.8% year over year to C$5,971 million ($4,377 million). The consensus estimate was pegged at $4,450 million. The decline is attributed to a 14.3% fall in Product revenues, which totaled C$685 millio ...
BCE(BCE) - 2024 Q3 - Earnings Call Transcript
2024-11-07 17:16
BCE Inc. (NYSE:BCE) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Thane Fotopoulos - Investor Relations Mirko Bibic - President and CEO Curtis Millen - Chief Financial Officer Conference Call Participants Sebastiano Petti - JPMorgan Vince Valentini - TD Securities Drew McReynolds - RBC Capital Markets Maher Yaghi - Scotia Bank Simon Flannery - Morgan Stanley Aravinda Galappatthige - Canaccord Genuity Jerome Dubreuil - Desjardins Securities Batya Levi - UBS Lauren Bonham - ...
BCE (BCE) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-07 16:00
For the quarter ended September 2024, BCE (BCE) reported revenue of $4.38 billion, down 3.4% over the same period last year. EPS came in at $0.55, compared to $0.60 in the year-ago quarter.The reported revenue represents a surprise of -1.64% over the Zacks Consensus Estimate of $4.45 billion. With the consensus EPS estimate being $0.57, the EPS surprise was -3.51%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...
BCE(BCE) - 2024 Q3 - Quarterly Report
2024-11-07 15:01
Exhibit 99.1 Table of contents 1 Overview 7 1.1 Financial highlights 7 1.2 Key corporate and business developments 9 1.3 Assumptions 11 2 Consolidated financial analysis 12 2.1 BCE consolidated income statements 12 2.2 Customer connections 13 2.3 Operating revenues 14 2.4 Operating costs 15 2.5 Net (loss) earnings 16 2.6 Adjusted EBITDA 17 2.7 Severance, acquisition and other costs 18 2.8 Depreciation and amortization 18 2.9 Finance costs 18 2.10 Impairment of assets 19 2.11 Other expense 19 2.12 Income tax ...
BCE (BCE) Q3 Earnings and Revenues Miss Estimates
ZACKS· 2024-11-07 14:45
BCE (BCE) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.51%. A quarter ago, it was expected that this Canada's largest telecommunications company would post earnings of $0.59 per share when it actually produced earnings of $0.57, delivering a surprise of -3.39%.Over the last four ...
BCE announces renewal of Normal Course Issuer Bid for Preferred Shares
Prnewswire· 2024-11-07 12:05
This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Concerning Forward-Looking Statements" later in this news release.MONTRÉAL, Nov. 7, 2024 /PRNewswire/ - BCE Inc. (BCE) today announced that the Toronto Stock Exchange (the "TSX") has accepted a notice filed by BCE of its intention to renew its normal course issuer bid ("NCIB") to purchase up to 10% of the public float of each series of BCE's outstandi ...
BCE Inc.: The Ziply Deal Puts This 9%+ Dividend In Serious Doubt
Seeking Alpha· 2024-11-06 08:32
BCE (TSX: BCE:CA )(NYSE: BCE ) offers one of the most attractive dividends on the market today, with the yield approaching 10%. But the payout is in danger after the company made anNelson retired from the corporate world at 39 and now manages his own portfolio full-time. His focus is on under covered and unappreciated Canadian dividend stocks, excellent companies at solid values which happen to pay dividends.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the compan ...
BCE Expands Into the U.S. Fiber Market With Ziply Fiber Acquisition
ZACKS· 2024-11-05 15:01
BCE Inc.’s (BCE) subsidiary Bell Canada recently inked a definitive agreement to acquire Ziply Fiber, a premium fiber Internet provider in the Pacific Northwest United States, to boost its North American fiber footprint and unlock new opportunities in the U.S. broadband market. The deal, valued at nearly C$7 billion, including C$5 billion in cash and the assumption of around C$2 billion in net debt at the close of the transaction, is anticipated to be settled in the second half of 2025, pending regulatory a ...
BCE to acquire Ziply Fiber, accelerating its fibre growth strategy across North America
Prnewswire· 2024-11-04 12:15
This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Regarding Forward-Looking Statements" later in this release. BCE to acquire 100% of equity in Ziply Fiber for approximately C$5.0 billion (U.S. $3.65 billion) Acquisition to extend Bell's fibre footprint to the United States, adding approximately 1.3 million fibre locations Acquisition to reinforce Bell's position as third-largest fibre Internet provi ...
Earnings Preview: BCE (BCE) Q3 Earnings Expected to Decline
ZACKS· 2024-10-31 15:07
Wall Street expects a year-over-year decline in earnings on lower revenues when BCE (BCE) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 7. On the o ...