BCE second-quarter EPS falls year over year, but revenues up 1.3%, with guidance updated after the Ziply Fiber acquisition.
BCE Inc. (NYSE:BCE ) Q2 2025 Earnings Conference Call August 7, 2025 8:00 AM ET Company Participants Curtis Millen - Executive VP & CFO Krishna Somers - Corporate Participant Mirko Bibic - CEO, President & Director Conference Call Participants Aravinda Suranimala Galappatthige - Canaccord Genuity Corp., Research Division Drew McReynolds - RBC Capital Markets, Research Division Jerome Dubreuil - Desjardins Securities Inc., Research Division Maher Yaghi - Scotiabank Global Banking and Markets, Research Division Matthew Griffiths - BofA Securities, Research Division Sebastiano Carmine Petti - JPMorgan Chase & Co, Research Division Stephanie Doris Price - CIBC Capital Markets, Research Division Tim Casey - BMO Capital Markets Equity Research Vince Valentini - TD Cowen, Research Division Operator Good morning, ladies and gentlemen. Welcome to the BCE Q2 2025 Results Conference Call.
The headline numbers for BCE (BCE) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
BCE (BCE) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.57 per share a year ago.
Get a deeper insight into the potential performance of BCE (BCE) for the quarter ended June 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
BCE (BCE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BCE (BCE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
We had disclosed our position in the BCE preferreds that was significantly larger than what we held in the common shares. The time to reverse that trade has come. We go over our rationale and tell you why we did not go about it in our usual manner.
BCE offers a rare mix of profitability and deep undervaluation, with technicals suggesting a contrarian bottoming process and a high (but risky) dividend yield. Currency trends favor the Canadian dollar, potentially benefiting BCE shares for U.S. investors after years of headwinds. Growth is sluggish but stable, with cost-cutting, Bell Media expansion, and U.S. fiber ventures offering optional upside.
We previously emphasized our larger position in BCE Inc. preferred shares and predicted a dividend cut in the common shares. BCE's new annual dividend is set at $1.75 to support deleveraging and enhance financial flexibility, aiming for a 3.5x net debt leverage ratio by 2027. We look at the Q1-2025 and highlight the hybrid bonds for a safe income choice.
BCE's Q1 2025 results reflect pricing and regulatory pressures amid macro and geopolitical turmoil. It announces a partnership with PSP Investments.
BCE Inc. has cut its dividend by 56%, reducing the annual payout to $1.75 per share, to address its high debt levels. The company is focusing on U.S. market expansion, particularly through its acquisition of Ziply, which offers higher growth potential and margins. BCE has partnered with PSP Investments to manage debt from the Ziply acquisition, allowing BCE to not consolidate Ziply's debt on its balance sheet.