Rogers Communication (RCI) Q3 Earnings and Revenues Miss Estimates

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]