This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
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Last quarter the company delivered an 8.99% positive earnings surprise. Let’s see how things are shaping up for this announcement.
Factors to Consider This Quarter
Rogers Communications is expanding its LTE (Long Term Evolution) network and currently the company has covered 60% of its footprint with LTE network. Wireless segment is expected to deliver impressive results for the company based on robust demand for smartphone and LTE-based devices.
However, the company is expected to continue with its loss in its cable TV business as the company faces increased competition due to entry of rival Bell Canada’s entry into the cable business. Additionally, softness in the advertisement market is also expected to impact its media business.
Our proven model does not conclusively show that Rogers Communications is likely to beat the Zacks Consensus Estimate this quarter. That is because a stock needs to have both a positive Expected Surprise Prediction (ESP) (Read: Zacks Earnings ESP: A Better Method) and a Zacks Rank #1 (Strong Buy) or at least Zacks Rank #2 (Buy) or Zacks Rank #3 (Hold) for this to happen. Unfortunately this is not the case here as elaborated below.
Negative Zacks ESP: This is because the Most Accurate estimate stands at 68 cents while the Zacks Consensus Estimate is higher at 73 cents. This leads to an ESP of -6.85%.
Other Stocks to Consider
Here are some other companies to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
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