BCE (BCE) Tops Q1 Earnings Estimates

Core Viewpoint - BCE reported quarterly earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of $0.44 per share, but down from $0.53 per share a year ago, indicating a 9.09% earnings surprise [1] - The company posted revenues of $4.13 billion for the quarter, missing the Zacks Consensus Estimate by 2.17% and down from $4.46 billion year-over-year [2] Earnings Performance - BCE has surpassed consensus EPS estimates two times over the last four quarters [2] - The company had an earnings surprise of 12% in the previous quarter, with actual earnings of $0.56 per share against an expectation of $0.50 [1][2] Stock Performance - BCE shares have declined approximately 8.3% since the beginning of the year, compared to a 4.3% decline in the S&P 500 [3] - The current Zacks Rank for BCE is 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.51 on revenues of $4.2 billion, and for the current fiscal year, it is $1.96 on revenues of $17.1 billion [7] - The trend of estimate revisions for BCE is mixed, which could change following the recent earnings report [6] Industry Context - The Diversified Communication Services industry, to which BCE belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8]