Performance and Market Position - Roger Communications (RCI) shares have dropped 23.4% year to date (YTD), underperforming the Zacks Consumer Discretionary sector's growth of 10.1% and the Zacks Cable Television industry's increase of 0.4% [1] - RCI's underperformance is attributed to stiff competition from TELUS and BCE in the wireless operations and communication cable markets [2] - RCI's cable revenues reduced 1% year over year to $1.97 billion in Q3 2024 due to a decline in the Home Phone and Satellite subscriber base [2] Technological Advancements and Portfolio Expansion - RCI tested DOCSIS 4.0 with Comcast XER modem to increase download speed to four gigabits and upload speed to one gigabit, integrating AI, cloud functions, and data processing capabilities [3] - RCI enhanced the DOCSIS 3.1 platform to develop network resilience and provide stable connectivity with quicker download and upload speeds [4] - RCI partnered with SpaceX to provide emergency alerts via satellite to mobile phones in disaster-affected areas in Canada [4] - RCI inked a strategic agreement to buyout Bell's 37.5% ownership in Maple Leaf Sports & Entertainment (MLSE), becoming the largest owner with a 75% stake, expected to conclude by mid-2025 [5] - RCI partnered with Disney to bring Disney+ to Ignite TV users free of cost and with Warner Bros. Discovery to launch and distribute Discovery channels [6] Financial Guidance and Earnings Estimates - RCI expects total service revenues to grow between 8% and 10% in 2024, with adjusted EBITDA growth in the range of 12-15% [7] - Capital expenditure is expected between C$3.8 billion and C$4 billion, with free cash flow expected in the range of C$2.9-C$3.1 billion [7] - The Zacks Consensus Estimate for RCI's fiscal 2024 revenues is pegged at $14.78 billion, indicating year-over-year growth of 3.33% [8] - The consensus mark for earnings is pegged at $3.55 per share, implying year-over-year growth of 5.34% [8] - The Zacks Consensus Estimate for Q4 fiscal 2024 earnings is pegged at $1.05 per share, indicating year-over-year growth of 20.69% [8] - The consensus mark for Q4 fiscal 2024 revenues is pegged at $3.87 billion, indicating a year-over-year decline of 1.22% [9] - RCI's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, delivering an average surprise of 3.87% [9] Valuation and Market Outlook - RCI shares are currently undervalued, with a Value Score of A and a forward 12-month Price/Earnings (P/E) ratio of 9.23X, lower than the Zacks Consumer Discretionary sector's 19.34X [10] - RCI has a Zacks Rank 3 (Hold), suggesting investors may want to wait for a more favorable entry point [10]

About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc) With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars-restaurants. See all of our brands at www.rcihospitality.com.  Forward-Looking StatementsThis press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company's actual results to differ materially from those indicated, incl ...

Stock Performance and Technical Analysis - Rogers Communication (RCI) stock has declined by 7.7% over the past four weeks due to excessive selling pressure [1] - RCI is currently in oversold territory with an RSI reading of 28.13, indicating potential for a trend reversal [3] - The Relative Strength Index (RSI) is a momentum oscillator that measures price movement speed and change, with readings below 30 indicating oversold conditions [2] - Oversold stocks often present entry opportunities for investors anticipating a rebound [2] Fundamental Analysis and Earnings Outlook - Wall Street analysts expect RCI to report better earnings than previously predicted [1] - Sell-side analysts covering RCI have raised earnings estimates, leading to a 4.6% increase in consensus EPS estimate over the last 30 days [3] - An upward trend in earnings estimate revisions typically translates into near-term price appreciation [3] Investment Ranking and Potential - RCI currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks [3] - The Zacks Rank is based on trends in earnings estimate revisions and EPS surprises, indicating strong potential for a near-term turnaround [3]

Rogers Communications, Inc. (NYSE:RCI) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Paul Carpino - VP, IR Tony Staffieri - President & CEO Glenn Brandt - CFO Conference Call Participants Batya Levi - UBS Vince Valentini - TD Cowen Maher Yaghi - Scotiabank Drew McReynolds - RBC Sebastiano Petti - J.P. Morgan David Barden - Bank of America Jerome Dubreuil - Desjardins Simon Flannery - Morgan Stanley Aravinda Galappatthige - Canaccord Genuity Operator This is the conference ...

1 Q3 2024 Results October 24, 2024 Cautionary note 2 The following materials are for presentation purposes only. They accompany the discussions held during Rogers Communications Inc.'s (Rogers) investor conference call on October 24, 2024. Certain statements made in this presentation, including, but not limited to, statements relating to expected future events, financial and operating results, guidance, objectives, plans, strategic priorities and other statements that are not historical facts, are forward-l ...

Investors might want to bet on Rogers Communication (RCI) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indi ...

Rogers Communication (RCI) reported $3.76 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 1%. EPS of $1.04 for the same period compares to $0.95 a year ago.The reported revenue represents a surprise of -1.39% over the Zacks Consensus Estimate of $3.81 billion. With the consensus EPS estimate being $1.07, the EPS surprise was -2.80%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

It's been a steady grind lower over the past two years for shares of RCI Hospitality Holdings, Inc. (NASDAQ: RICK ), currently down about 38% from its 52-week high. The adult nightclub and sports bar operator has struggled toAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ...

Earnings Performance - Rogers Communication reported quarterly earnings of $1 04 per share missing the Zacks Consensus Estimate of $1 07 per share [1] - The earnings surprise was -2 80% compared to the expected $1 07 per share [1] - In the previous quarter the company posted earnings of $0 85 per share surpassing the estimate of $0 83 per share with a surprise of 2 41% [1] - Over the last four quarters the company has surpassed consensus EPS estimates three times [1] Revenue Performance - The company posted revenues of $3 76 billion for the quarter ended September 2024 missing the Zacks Consensus Estimate by 1 39% [1] - This compares to year-ago revenues of $3 8 billion [1] - The company has not been able to beat consensus revenue estimates over the last four quarters [1] Stock Performance - Rogers Communication shares have lost about 16 2% since the beginning of the year versus the S&P 500's gain of 21 5% [2] Earnings Outlook - The company's earnings outlook is crucial for understanding future stock performance [3] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [3] - The estimate revisions trend for Rogers Communication is favorable translating into a Zacks Rank 2 (Buy) [4] - The current consensus EPS estimate is $0 95 on $3 92 billion in revenues for the coming quarter and $3 73 on $15 07 billion in revenues for the current fiscal year [4] Industry Impact - The Cable Television industry is currently in the top 19% of the 250 plus Zacks industries [5] - The top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [5] - Another company in the same industry Cable One is expected to post quarterly earnings of $9 93 per share representing a year-over-year change of -7 9% [5] - Cable One's revenues are expected to be $390 78 million down 7% from the year-ago quarter [5]

MANAGEMENT'S DISCUSSION AND ANALYSIS Exhibit 99.1 This Management's Discussion and Analysis (MD&A) contains important information about our business and our performance for the three and nine months ended September 30, 2024, as well as forward-looking information (see "About Forward-Looking Information") about future periods. This MD&A should be read in conjunction with our Third Quarter 2024 Interim Condensed Consolidated Financial Statements (Third Quarter 2024 Interim Financial Statements) and notes ther ...