Rogers Communications Inc. (RCI - Free Report) is the largest telecom operator in Canada providing high-end wireless and wireline services, cable TV services together with TV and radio broadcasting services to individuals and business enterprises.
Rogers Communications operates in a highly competitive wireless market of Canada. Additionally, Rogers Communications’ Media segment has been affected by continued softness in the advertising market. Hence, to retain its position in the market, the company needs to invest heavily in new TV programs and TV channels which will dent the company’s balance sheet.
Like other cable companies, Rogers Communications, too, has been losing viewers to video streaming service providers. In fact, in recent times, viewership of legacy cable TV players has been suffering due to the popularity of on-demand video delivered online.
Nevertheless, the company was the first wireless operator in the nation to offer “Internet of Things” (IoT) as a service to business enterprises. End-to-End Incident Management, Farm & Food Monitoring and Level Monitoring are the three IoT services that the wireless carrier is currently offering to its customers.
Rogers Communications currently carries a Zacks Rank #5 (Strong Sell). The company has generated a negative average earnings surprise of 3.94% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The Company fails to meet second quarter earnings. Our consensus called for an adjusted EPS of $0.64, and the company reported EPS of $0.62.
Revenue: Rogers Communications reported total revenue of approximately $2,687 million surpassing the Zacks Consensus Estimate of $2,663 million.
Key States to Note: In the reported quarter, Rogers Communications added 65,000 postpaid wireless connections. Postpaid churn declined to 1.14% from 1.19% in the prior-year quarter. At the end of second-quarter 2016, Rogers Communications had 8.360 million postpaid wireless connections, up 2.4% year over year.
Check back later for our full write up on this Rogers Communications earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Rogers Communications Inc. (RCI - Free Report) is the largest telecom operator in Canada providing high-end wireless and wireline services, cable TV services together with TV and radio broadcasting services to individuals and business enterprises.
Rogers Communications operates in a highly competitive wireless market of Canada. Additionally, Rogers Communications’ Media segment has been affected by continued softness in the advertising market. Hence, to retain its position in the market, the company needs to invest heavily in new TV programs and TV channels which will dent the company’s balance sheet.
Like other cable companies, Rogers Communications, too, has been losing viewers to video streaming service providers. In fact, in recent times, viewership of legacy cable TV players has been suffering due to the popularity of on-demand video delivered online.
Nevertheless, the company was the first wireless operator in the nation to offer “Internet of Things” (IoT) as a service to business enterprises. End-to-End Incident Management, Farm & Food Monitoring and Level Monitoring are the three IoT services that the wireless carrier is currently offering to its customers.
Rogers Communications currently carries a Zacks Rank #5 (Strong Sell). The company has generated a negative average earnings surprise of 3.94% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The Company fails to meet second quarter earnings. Our consensus called for an adjusted EPS of $0.64, and the company reported EPS of $0.62.
Revenue: Rogers Communications reported total revenue of approximately $2,687 million surpassing the Zacks Consensus Estimate of $2,663 million.
Key States to Note: In the reported quarter, Rogers Communications added 65,000 postpaid wireless connections. Postpaid churn declined to 1.14% from 1.19% in the prior-year quarter. At the end of second-quarter 2016, Rogers Communications had 8.360 million postpaid wireless connections, up 2.4% year over year.
Check back later for our full write up on this Rogers Communications earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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