Although the revenue and EPS for BCE (BCE) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
BCE (BCE) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.56 per share a year ago.
BCE (BCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BCE has fallen precipitously since our previous coverage. We examine the competition landscape and tell you why Quebecor's pricing won't last. We tell you why and how we substantially increased our allocation to the company.
BCE's recent 44% share price drop is due to concerns over the $7B Ziply acquisition and potential dividend cuts, but the core business remains strong. The Ziply deal offers growth opportunities in the U.S. fiber market, potentially boosting EBITDA and geographic diversification, despite higher capital intensity and execution risks. A dividend cut in 2026 is likely, which could free up cash for debt repayment and growth investments, potentially leading to a share price rebound.
National Bank lowered the firm's price target on BCE to C$35 from C$37 and keeps a Sector Perform rating on the shares.
BCE's sale of MLSE stake to Rogers aimed to streamline the company, but the $5B Ziply Fiber acquisition raised management concerns, leading to a rating downgrade. Despite the market's negative reaction, Ziply Fiber aligns better with BCE's telecom operations, potentially offering higher operating revenues than MLSE. Lower Canadian interest rates and potential tax-loss selling create a buying opportunity for dividend investors, even with the risk of dividend cuts.
BCE's subsidiary, Bell Media, Lionsgate and Point Grey Pictures collaborate to create Point Grey's debut Canadian scripted TV series.
BCE's unit Bell Media partners with Shopsense AI to launch shoppable TV in Canada, augmenting viewers' experience.
Key Points Many U.S. growth and income investors fail to look overseas for dividend ideas.
BCE deepens its alliance with Microsoft to provide services for Microsoft Teams Phone Mobile, empowering businesses with enhanced communications.
BCE's Q3 2024 performance is affected by a 14.3% drop in product revenues amid steady growth in the Bell Media unit.