BCE(US:BCE) ZACKS·2024-11-07 16:00Core Insights - BCE reported revenue of $4.38 billion for the quarter ended September 2024, a decrease of 3.4% year-over-year, and EPS of $0.55, down from $0.60 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $4.45 billion by 1.64%, and the EPS also missed the consensus estimate of $0.57 by 3.51% [1] Financial Performance Metrics - Mobile Phone Subscribers - Gross Subscriber Activations - Postpaid: 374,116, below the estimated 461,565 [3] - Retail Residential Network Access Services (NAS) - Retail Residential NAS Lines: 1,876,782, slightly above the estimate of 1,876,750 [3] - Mobile Phone Subscribers - Gross Subscriber Activations - Total: 588,263, compared to the estimated 658,011 [3] - Mobile Phone Subscribers - Net Subscriber Activations - Postpaid: 33,111, significantly lower than the estimate of 94,318 [3] - Mobile Phone Subscribers - Net Subscriber Activations - Prepaid: 69,085, exceeding the estimate of 45,082 [3] - Mobile Phone Subscribers - Net Subscriber Activations - Total: 102,196, below the estimate of 139,400 [3] - Mobile Phone Subscribers - Subscribers End of Period - Postpaid: 9,473,886, below the estimate of 9,535,095 [3] - Mobile Phone Subscribers - Subscribers End of Period - Prepaid: 887,834, below the estimate of 941,802 [3] - Mobile Phone Subscribers - Subscribers End of Period - Total: 10,361,720, below the estimate of 10,476,900 [3] - Mobile Phone Subscribers - Blended churn: 1.6%, matching the estimate [3] - Mobile Phone Subscribers - Blended churn - Postpaid: 1.3%, in line with the estimate [3] - Mobile Phone Subscribers - Blended churn - Prepaid: 4.7%, better than the estimate of 5.3% [3] Stock Performance - BCE shares have declined by 13.7% over the past month, while the Zacks S&P 500 composite has increased by 3.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]