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Wall Street's Insights Into Key Metrics Ahead of BCE (BCE) Q3 Earnings
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The upcoming report from BCE (BCE - Free Report) is expected to reveal quarterly earnings of $0.49 per share, indicating a decline of 14% compared to the year-ago period. Analysts forecast revenues of $4.34 billion, representing a decline of 1.1% year over year.
Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific BCE metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Mobile Phone Subscribers - Gross Subscriber Activations - Postpaid' of 333,803 . Compared to the current estimate, the company reported 315,607 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Mobile Phone Subscribers - Gross Subscriber Activations - Total' should arrive at 490,931 . The estimate is in contrast to the year-ago figure of 514,661 .
Analysts predict that the 'Mobile Phone Subscribers - Net Subscriber Activations - Postpaid' will reach 24,953 . The estimate is in contrast to the year-ago figure of 11,511 .
The consensus estimate for 'Mobile Phone Subscribers - Net Subscriber Activations - Prepaid' stands at 29,775 . Compared to the present estimate, the company reported 56,507 in the same quarter last year.
It is projected by analysts that the 'Mobile Phone Subscribers - Net Subscriber Activations - Total' will reach 54,728 . Compared to the current estimate, the company reported 68,018 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Mobile Phone Subscribers - Subscribers End of Period - Postpaid' should come in at 9,633,972 . The estimate is in contrast to the year-ago figure of 9,525,355 .
The consensus among analysts is that 'Mobile Phone Subscribers - Subscribers End of Period - Prepaid' will reach 801,020 . Compared to the current estimate, the company reported 873,579 in the same quarter of the previous year.
Analysts forecast 'Mobile Phone Subscribers - Subscribers End of Period - Total' to reach 10,434,990 . The estimate compares to the year-ago value of 10,398,930 .
The average prediction of analysts places 'Mobile Phone Subscribers - Blended churn - Prepaid' at 5.4%. The estimate is in contrast to the year-ago figure of 5.1%.
The combined assessment of analysts suggests that 'Mobile Phone Subscribers - Mobile Connected Device Subscribers - Net Subscriber Activations' will likely reach 73,575 . Compared to the present estimate, the company reported 83,505 in the same quarter last year.
Analysts' assessment points toward 'Mobile Phone Subscribers - Mobile Connected Device Subscribers - Subscribers EOP' reaching 3,467,172 . Compared to the present estimate, the company reported 3,252,554 in the same quarter last year.
Analysts expect 'Retail high-speed Internet - Bell CTS retail net subscriber activations' to come in at 30,379 . The estimate compares to the year-ago value of 26,111 .
Shares of BCE have demonstrated returns of +4% over the past month compared to the Zacks S&P 500 composite's -2% change. With a Zacks Rank #3 (Hold), BCE is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Wall Street's Insights Into Key Metrics Ahead of BCE (BCE) Q3 Earnings
The upcoming report from BCE (BCE - Free Report) is expected to reveal quarterly earnings of $0.49 per share, indicating a decline of 14% compared to the year-ago period. Analysts forecast revenues of $4.34 billion, representing a decline of 1.1% year over year.
Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific BCE metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Mobile Phone Subscribers - Gross Subscriber Activations - Postpaid' of 333,803 . Compared to the current estimate, the company reported 315,607 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Mobile Phone Subscribers - Gross Subscriber Activations - Total' should arrive at 490,931 . The estimate is in contrast to the year-ago figure of 514,661 .
Analysts predict that the 'Mobile Phone Subscribers - Net Subscriber Activations - Postpaid' will reach 24,953 . The estimate is in contrast to the year-ago figure of 11,511 .
The consensus estimate for 'Mobile Phone Subscribers - Net Subscriber Activations - Prepaid' stands at 29,775 . Compared to the present estimate, the company reported 56,507 in the same quarter last year.
It is projected by analysts that the 'Mobile Phone Subscribers - Net Subscriber Activations - Total' will reach 54,728 . Compared to the current estimate, the company reported 68,018 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Mobile Phone Subscribers - Subscribers End of Period - Postpaid' should come in at 9,633,972 . The estimate is in contrast to the year-ago figure of 9,525,355 .
The consensus among analysts is that 'Mobile Phone Subscribers - Subscribers End of Period - Prepaid' will reach 801,020 . Compared to the current estimate, the company reported 873,579 in the same quarter of the previous year.
Analysts forecast 'Mobile Phone Subscribers - Subscribers End of Period - Total' to reach 10,434,990 . The estimate compares to the year-ago value of 10,398,930 .
The average prediction of analysts places 'Mobile Phone Subscribers - Blended churn - Prepaid' at 5.4%. The estimate is in contrast to the year-ago figure of 5.1%.
The combined assessment of analysts suggests that 'Mobile Phone Subscribers - Mobile Connected Device Subscribers - Net Subscriber Activations' will likely reach 73,575 . Compared to the present estimate, the company reported 83,505 in the same quarter last year.
Analysts' assessment points toward 'Mobile Phone Subscribers - Mobile Connected Device Subscribers - Subscribers EOP' reaching 3,467,172 . Compared to the present estimate, the company reported 3,252,554 in the same quarter last year.
Analysts expect 'Retail high-speed Internet - Bell CTS retail net subscriber activations' to come in at 30,379 . The estimate compares to the year-ago value of 26,111 .
View all Key Company Metrics for BCE here>>>Shares of BCE have demonstrated returns of +4% over the past month compared to the Zacks S&P 500 composite's -2% change. With a Zacks Rank #3 (Hold), BCE is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .