Core Viewpoint - Rogers Communications reported mixed results for Q2 2024, with adjusted earnings beating estimates while revenues fell slightly year over year. The company has seen a positive stock performance recently, but analysts are cautious about future estimates trending downward [1][2][16]. Financial Performance - Adjusted earnings for Q2 2024 were 85 cents per share, exceeding the Zacks Consensus Estimate by 2.41% and reflecting an 11.8% increase year over year [2]. - Total revenues amounted to $3.72 billion, missing the consensus mark by 0.45% and showing a 0.9% decline year over year [2]. - In Canadian dollars, adjusted earnings rose 13.7% year over year to $1.16 per share, while total revenues increased 0.9% to C$5.09 billion, driven by growth in Wireless and Media segments [3]. Wireless Segment - Wireless revenues, constituting 48.4% of total revenues, increased 1.7% year over year to C$2.46 billion, with service revenues up 3.5% to C$1.98 billion, although equipment revenues fell 5.2% to C$478 million [4]. - The mobile phone subscriber base growth was bolstered by the acquisition of Shaw Mobile subscribers, with monthly ARPU at C$57.24, a 0.8% increase year over year [5]. - As of June 30, 2024, the prepaid subscriber base decreased by 172K to 1.068 million, while the postpaid base grew by 49K to 10.59 million [6]. Cable Segment - Cable revenues, making up 38.6% of total revenues, decreased 2.4% year over year to C$1.96 billion, with service revenues down 2.8% [8]. - The retail Internet subscriber count fell by 70K to nearly 4.214 million, contrasting with a significant increase in the previous year [8]. Media Segment - Media revenues increased 7.3% year over year to C$736 million, primarily due to higher sports-related revenues, although operating expenses rose by 7.9% [11]. Consolidated Results - Operating costs increased by 23% to C$2.687 billion, while adjusted EBITDA rose 6.2% year over year to C$2.32 billion, with an adjusted EBITDA margin expanding to 45.7% [12]. Balance Sheet & Cash Flow - As of June 30, 2024, available liquidity was C$4.3 billion, down from C$4.6 billion in the previous quarter [13]. - The debt leverage ratio remained stable at 4.7 times, with cash flow from operating activities increasing to C$1.47 billion [14]. Guidance - For 2024, the company anticipates total service revenue growth between 8% and 10%, with adjusted EBITDA expected to grow by 12-15% [15]. Industry Context - Rogers Communications operates within the Zacks Cable Television industry, where Comcast reported a revenue decline of 2.7% year over year, indicating challenges within the sector [20].

Rogers Communication (RCI) and SenseNet have announced a new initiative to enhance wildfire detection in Canada, focusing on 10 communities to improve safety for both residents and first responders. SenseNet will deploy its AI-driven solutions across Alberta and British Columbia, starting with the implementation of these systems in various communities. Leveraging RCI's robust 5G network, SenseNet's technology will utilize sophisticated gas sensors, smoke detection cameras and AI algorithms to offer precise ...

ty t A I t r FT I 1 t E 1 historial H an T t E t ,1 1 il H n t 11 i 118 t ITT t B t t H The t Jason Todd RCI Hospitality Holdings, Inc. (NASDAQ:RICK) reported its final Q3 results on the 8th of August in post-market hours. The report comes after RCI Hospitality previously announced an operative update regarding casino development and the Beryl hurricane in July, also giving preliminary revenues for the quarter with the news release. I previously wrote an article on the stock, "RCI Hospitality: Short-Term We ...

Core Viewpoint - The company reported mixed financial results for the third quarter of 2024, with a decline in total revenues and net income, but improvements in certain operational metrics and a focus on capital allocation strategies aimed at increasing free cash flow per share. Financial Performance - Total revenues for 3Q24 were $76.2 million, a decrease of 1.2% from $77.1 million in 3Q23 [1] - Net loss attributable to common stockholders was $(5.2) million, compared to a profit of $9.1 million in the same quarter last year [1] - Non-GAAP EPS for 3Q24 was $1.35, slightly up from $1.30 in 3Q23 [1] - Adjusted EBITDA for 3Q24 was $20.1 million, down from $22.7 million in 3Q23 [1] Segment Performance - Nightclubs segment revenues increased by 0.6% year-over-year to $62.8 million, driven by a 1.7% same-store sales growth [4] - Bombshells segment revenues declined by 8.7% to $13.1 million, primarily due to a 16.2% decline in same-store sales [7] - Non-cash impairments in the Bombshells segment totaled $10.3 million, leading to an operating loss of $(8.9) million [7] Operational Strategies - The company is implementing a "Back to Basics" approach, focusing on increasing revenues, reducing costs, and expanding margins [2] - Share repurchases totaled 202,630 shares for $9.2 million in 3Q24, with a remaining purchase authorization of $22.9 million [1] - The company aims to open new and reformatted clubs while reviewing all operating units to ensure they meet financial objectives [4] Cash Flow and Capital Allocation - Net cash provided by operating activities was $15.8 million in 3Q24, compared to $15.3 million in 3Q23 [1] - Free cash flow for 3Q24 was $13.8 million, slightly down from $14.3 million in the same quarter last year [1] - The company plans to use cash flow to facilitate further share buybacks and acquisitions of clubs [4]

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on. While good value is important, growth investors are more focused on a company's financial strengt ...

Rogers Communications Inc. (NYSE:RCI) Q2 2024 Earnings Conference Call July 24, 2024 8:00 AM ET Company Participants David Naccarato - Director of IR Anthony Staffieri - President and CEO Glenn Brandt - CFO Conference Call Participants Drew McReynolds - RBC Vince Valentini - TD Cowen Maher Yaghi - Scotiabank Matthew Griffiths - Bank of America Stephanie Price - CIBC Tim Casey - BMO Batya Levi - UBS Jerome Dubreuil - Desjardins Aravinda Galappatthige - Canaccord Genuity David McFadgen - Cormark Securities Op ...

The reported revenue represents a surprise of -0.45% over the Zacks Consensus Estimate of $3.74 billion. With the consensus EPS estimate being $0.83, the EPS surprise was +2.41%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Wireless Subscriber - Postpaid mobile phone - Gross additions: 451 thousand compared to the 460.71 thousand ...

MANAGEMENT'S DISCUSSION AND ANALYSIS Exhibit 99.1 For more information about Rogers, including product and service offerings, competitive market and industry trends, our overarching strategy, key performance drivers, and objectives, see "Understanding Our Business", "Our Strategy, Key Performance Drivers, and Strategic Highlights", and "Capability to Deliver Results" in our 2023 Annual MD&A. References in this MD&A to the Shaw Transaction are to our acquisition of Shaw Communications Inc. (Shaw) on April 3, ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Rogers Communication (RCI) , which belongs to the Zacks Cable Television industry. When looking at the last two reports, this communications and media company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.93%, on average, in the last two quarters. For Rogers Communication, estimates have been trending hig ...

Nightclubs: Total sales of $62.4 million increased 0.7% compared to the year-ago quarter. The increase primarily reflected 1.7% same-store sales growth and two new and reformatted clubs, partially offset by the temporary closing of three clubs being reformatted to liquor from BYOB. Compared to 2Q24, total Nightclubs sales increased 5.9%. Bombshells: Total sales of $13.1 million declined 8.9% compared to the year-ago quarter. This reflected a 16.2% decline in SSS, partially offset by three locations not in S ...