Earnings Preview: BCE (BCE) Q3 Earnings Expected to Decline

Core Viewpoint - Wall Street anticipates a year-over-year decline in BCE's earnings due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - BCE is expected to report quarterly earnings of $0.57 per share, reflecting a -5% change year-over-year, with revenues projected at $4.45 billion, down 1.8% from the previous year [3] - The consensus EPS estimate has been revised 0.94% lower in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from consensus estimates, with a positive reading being a strong predictor of an earnings beat [6][7] - BCE's Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.45%, indicating bearish sentiment among analysts [10] Historical Performance - BCE has only beaten consensus EPS estimates once in the last four quarters, with a recent surprise of -3.39% when it reported earnings of $0.57 against an expectation of $0.59 [11][12] Investment Considerations - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [13] - BCE does not appear to be a compelling candidate for an earnings beat, suggesting investors should consider additional factors before making investment decisions [15]