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Compared to Estimates, BCE (BCE) Q1 Earnings: A Look at Key Metrics
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For the quarter ended March 2024, BCE (BCE - Free Report) reported revenue of $4.46 billion, down 0.4% over the same period last year. EPS came in at $0.53, compared to $0.63 in the year-ago quarter.
The reported revenue represents a surprise of -0.21% over the Zacks Consensus Estimate of $4.47 billion. With the consensus EPS estimate being $0.53, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 - Blended churn - Prepaid: 5.7% versus the three-analyst average estimate of 5.4%.
Mobile Phone Subscribers - Blended churn - Postpaid: 1.2% versus the three-analyst average estimate of 1.1%.
Mobile Phone Subscribers - Blended churn: 1.6% versus the three-analyst average estimate of 1.4%.
Mobile Phone Subscribers - Subscribers End of Period - Total: 10,206,450 compared to the 11,244,440 average estimate based on three analysts.
Mobile Phone Subscribers - Subscribers End of Period - Prepaid: 844,177 versus 849,710 estimated by three analysts on average.
Mobile Phone Subscribers - Mobile Connected Device Subscribers - Subscribers EOP: 2,798,954 versus 2,801,928 estimated by three analysts on average.
Mobile Phone Subscribers - Subscribers End of Period - Postpaid: 9,362,275 compared to the 9,463,809 average estimate based on three analysts.
Retail TV Subscribers - Internet Protocol Television (IPTV) (EOP): 2,084,516 versus 2,082,722 estimated by two analysts on average.
Retail Residential Network Access Services (NAS) - Retail Residential NAS Lines Net Losses: -43,911 versus -40,441 estimated by two analysts on average.
Retail TV Subscribers - Internet Protocol Television (IPTV) (Activation): 14,174 compared to the 14,880 average estimate based on two analysts.
Mobile Phone Subscribers - Retail High-Speed Internet Subscribers - Retail Subscribers EOP: 4,496,712 versus 4,499,263 estimated by two analysts on average.
Mobile Phone Subscribers - Retail High-Speed Internet Subscribers - Retail Net Subscriber Activations: 31,078 compared to the 25,834 average estimate based on two analysts.
Shares of BCE have returned +0.9% over the past month versus the Zacks S&P 500 composite's -4.2% 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) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, BCE (BCE - Free Report) reported revenue of $4.46 billion, down 0.4% over the same period last year. EPS came in at $0.53, compared to $0.63 in the year-ago quarter.
The reported revenue represents a surprise of -0.21% over the Zacks Consensus Estimate of $4.47 billion. With the consensus EPS estimate being $0.53, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 - Blended churn - Prepaid: 5.7% versus the three-analyst average estimate of 5.4%.
- Mobile Phone Subscribers - Blended churn - Postpaid: 1.2% versus the three-analyst average estimate of 1.1%.
- Mobile Phone Subscribers - Blended churn: 1.6% versus the three-analyst average estimate of 1.4%.
- Mobile Phone Subscribers - Subscribers End of Period - Total: 10,206,450 compared to the 11,244,440 average estimate based on three analysts.
- Mobile Phone Subscribers - Subscribers End of Period - Prepaid: 844,177 versus 849,710 estimated by three analysts on average.
- Mobile Phone Subscribers - Mobile Connected Device Subscribers - Subscribers EOP: 2,798,954 versus 2,801,928 estimated by three analysts on average.
- Mobile Phone Subscribers - Subscribers End of Period - Postpaid: 9,362,275 compared to the 9,463,809 average estimate based on three analysts.
- Retail TV Subscribers - Internet Protocol Television (IPTV) (EOP): 2,084,516 versus 2,082,722 estimated by two analysts on average.
- Retail Residential Network Access Services (NAS) - Retail Residential NAS Lines Net Losses: -43,911 versus -40,441 estimated by two analysts on average.
- Retail TV Subscribers - Internet Protocol Television (IPTV) (Activation): 14,174 compared to the 14,880 average estimate based on two analysts.
- Mobile Phone Subscribers - Retail High-Speed Internet Subscribers - Retail Subscribers EOP: 4,496,712 versus 4,499,263 estimated by two analysts on average.
- Mobile Phone Subscribers - Retail High-Speed Internet Subscribers - Retail Net Subscriber Activations: 31,078 compared to the 25,834 average estimate based on two analysts.
View all Key Company Metrics for BCE here>>>Shares of BCE have returned +0.9% over the past month versus the Zacks S&P 500 composite's -4.2% 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.