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Compared to Estimates, BCE (BCE) Q4 Earnings: A Look at Key Metrics
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For the quarter ended December 2023, BCE (BCE - Free Report) reported revenue of $4.76 billion, up 0.3% over the same period last year. EPS came in at $0.56, compared to $0.53 in the year-ago quarter.
The reported revenue represents a surprise of -1.33% over the Zacks Consensus Estimate of $4.82 billion. With the consensus EPS estimate being $0.54, the EPS surprise was +3.70%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how BCE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Mobile Phone Subscribers - Subscribers End of Period - Total: 10,287,050 compared to the 10,339,900 average estimate based on three analysts.
Retail TV Subscribers - Total Retail TV Subscribers: 2,725,292 versus 2,732,050 estimated by three analysts on average.
Mobile Phone Subscribers - Mobile Connected Device Subscribers - Subscribers EOP: 2,732,548 compared to the 2,758,582 average estimate based on three analysts.
Mobile Phone Subscribers - Subscribers End of Period - Prepaid: 864,216 versus 897,977 estimated by three analysts on average.
Mobile Phone Subscribers - Blended churn - Prepaid: 6.2% versus the three-analyst average estimate of 5.5%.
Mobile Phone Subscribers - Blended churn - Postpaid: 1.6% versus 1.2% estimated by three analysts on average.
Mobile Phone Subscribers - Blended churn: 2% compared to the 1.6% average estimate based on three analysts.
Mobile Phone Subscribers - Subscribers End of Period - Postpaid: 9,422,830 compared to the 9,441,918 average estimate based on three analysts.
Retail TV Subscribers - Satellite (Activation): -25,855 compared to the -34,085 average estimate based on two analysts.
Retail TV Subscribers - Retail Net Subscriber Losses: -2,318 versus 4,079 estimated by two analysts on average.
Retail TV Subscribers - Internet Protocol Television (IPTV) (EOP): 2,070,342 compared to the 2,084,969 average estimate based on two analysts.
Retail TV Subscribers - Satellite (EOP): 654,950 compared to the 646,720 average estimate based on two analysts.
Shares of BCE have returned -3.7% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, BCE (BCE) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2023, BCE (BCE - Free Report) reported revenue of $4.76 billion, up 0.3% over the same period last year. EPS came in at $0.56, compared to $0.53 in the year-ago quarter.
The reported revenue represents a surprise of -1.33% over the Zacks Consensus Estimate of $4.82 billion. With the consensus EPS estimate being $0.54, the EPS surprise was +3.70%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how BCE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Mobile Phone Subscribers - Subscribers End of Period - Total: 10,287,050 compared to the 10,339,900 average estimate based on three analysts.
- Retail TV Subscribers - Total Retail TV Subscribers: 2,725,292 versus 2,732,050 estimated by three analysts on average.
- Mobile Phone Subscribers - Mobile Connected Device Subscribers - Subscribers EOP: 2,732,548 compared to the 2,758,582 average estimate based on three analysts.
- Mobile Phone Subscribers - Subscribers End of Period - Prepaid: 864,216 versus 897,977 estimated by three analysts on average.
- Mobile Phone Subscribers - Blended churn - Prepaid: 6.2% versus the three-analyst average estimate of 5.5%.
- Mobile Phone Subscribers - Blended churn - Postpaid: 1.6% versus 1.2% estimated by three analysts on average.
- Mobile Phone Subscribers - Blended churn: 2% compared to the 1.6% average estimate based on three analysts.
- Mobile Phone Subscribers - Subscribers End of Period - Postpaid: 9,422,830 compared to the 9,441,918 average estimate based on three analysts.
- Retail TV Subscribers - Satellite (Activation): -25,855 compared to the -34,085 average estimate based on two analysts.
- Retail TV Subscribers - Retail Net Subscriber Losses: -2,318 versus 4,079 estimated by two analysts on average.
- Retail TV Subscribers - Internet Protocol Television (IPTV) (EOP): 2,070,342 compared to the 2,084,969 average estimate based on two analysts.
- Retail TV Subscribers - Satellite (EOP): 654,950 compared to the 646,720 average estimate based on two analysts.
View all Key Company Metrics for BCE here>>>Shares of BCE have returned -3.7% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.