Telus (TU) Q2 Earnings Beat Estimates

Core Viewpoint - Telus reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and showing an increase from $0.14 per share a year ago, representing an earnings surprise of 12.50% [1][2] Financial Performance - The company posted revenues of $3.64 billion for the quarter ended June 2024, which was 1.65% below the Zacks Consensus Estimate and a decrease from $3.68 billion in the same quarter last year [2] - Over the last four quarters, Telus has surpassed consensus EPS estimates three times but has not beaten revenue estimates during this period [2] Stock Performance - Telus shares have declined approximately 8% since the beginning of the year, contrasting with the S&P 500's gain of 14.2% [3] - The current Zacks Rank for Telus is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $3.82 billion, and for the current fiscal year, it is $0.75 on revenues of $14.96 billion [7] - The trend of estimate revisions for Telus has been unfavorable leading up to the earnings release [6] Industry Context - The Diversified Communication Services industry, to which Telus belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]