Rogers Communications Inc. (RCI - Free Report) is the largest integrated telecom operator in Canada.
Rogers Communications continues to remain the first wireless operator in Canada 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 currently offers. We are also bullish about the company’s wireless growth from the roll out of 700 MHz LTE lower block spectrum which is expected to provide better in-building penetration and rural LTE coverage. We further believe that the company’s plans to dump its Internet Protocol TV (IPTV) platform and adopt Comcast Corp’s cloud-based X1 video platform have helped it witness growth in its cable segment in the last-reported quarter.
However, intense wireless and cable TV industry competition, continuous softness in the advertising market and loss of viewers to video streaming service providers act as potent headwinds for the company.
Zacks Rank: Rogers Communications currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The Company beats fourth quarter earnings. Our consensus called for an adjusted EPS (earnings per share) of 68 cents while the company reported adjusted EPS of 88 cents.
Revenue: Rogers Communications reported total revenue of around $2,858.38 million, up 3% year over year but below the Zacks Consensus Estimate of $2,865 million.
Key States to Note: In the fourth-quarter 2017, Rogers Communications added 72,000 wireless postpaid connections. The monthly churn rate was 1.48% versus 1.35% in the prior-year quarter.
Check back later for our full write up on this Rogers Communications earnings report later!
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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.
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Free: See Our Top Stock and 4 Runners Up >>
Rogers Communications Inc. (RCI - Free Report) is the largest integrated telecom operator in Canada.
Rogers Communications continues to remain the first wireless operator in Canada 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 currently offers. We are also bullish about the company’s wireless growth from the roll out of 700 MHz LTE lower block spectrum which is expected to provide better in-building penetration and rural LTE coverage. We further believe that the company’s plans to dump its Internet Protocol TV (IPTV) platform and adopt Comcast Corp’s cloud-based X1 video platform have helped it witness growth in its cable segment in the last-reported quarter.
However, intense wireless and cable TV industry competition, continuous softness in the advertising market and loss of viewers to video streaming service providers act as potent headwinds for the company.
Zacks Rank: Rogers Communications currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The Company beats fourth quarter earnings. Our consensus called for an adjusted EPS (earnings per share) of 68 cents while the company reported adjusted EPS of 88 cents.
Revenue: Rogers Communications reported total revenue of around $2,858.38 million, up 3% year over year but below the Zacks Consensus Estimate of $2,865 million.
Key States to Note: In the fourth-quarter 2017, Rogers Communications added 72,000 wireless postpaid connections. The monthly churn rate was 1.48% versus 1.35% in the prior-year quarter.
Check back later for our full write up on this Rogers Communications earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
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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