- Adjusted EPS: C$0.78, meeting the estimate of C$0.78 and slightly down from C$0.79 year-over-year.
- Operating revenue: C$6.01 billion, down 1% year-over-year and just below the estimate of C$6.04 billion.
- Adjusted EBITDA: C$2.70 billion, up 2% year-over-year and exceeding the estimate of C$2.67 billion.
- Wireless subscribers: 10.34 million, an increase of 3.1% year-over-year, surpassing the estimate of 10.32 million.
- Wireless postpaid subscribers: 9.44 million, up 3.2% year-over-year but slightly below the estimate of 9.46 million.
- Wireless prepaid subscribers: 896,720, up 2.3% year-over-year, exceeding the estimate of 862,760.
- High-speed internet subscribers: 4.52 million, an increase of 4.2% year-over-year, meeting the estimate of 4.52 million.
- Retail residential NAS losses: 53,250 versus 49,610 year-over-year, missing the estimate of 45,101.
- Business solutions services revenue grew by 22% this quarter, driven by cloud services, security, and managed automation.
- Mobile connected device net activations increased by 10.5% over 2023, showing momentum in 5G and IoT B2B solutions.
- Total postpaid and prepaid mobile phone net additions were up 4.4% in Q2 to 131,043, reflecting potential for continued growth.
- Bell Media saw a 35% increase in digital advertising revenue, fueled by advanced advertising solutions for clients.
- Analyst recommendations: 5 buys, 12 holds, and 2 sells.
A look at BCE Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, BCE Inc. is positioned for a promising long-term outlook. With a perfect score of 5 in Dividend, investors can expect consistent and reliable dividend payments from the company. This indicates a strong commitment to rewarding shareholders with a stable income stream. Momentum is another strong suit for BCE, scoring a 4. This suggests that the company is experiencing positive stock price momentum, which could potentially continue in the future.
While Value and Growth scores at 3 each show moderate prospects in terms of undervaluation and potential for future growth, Resilience at 2 indicates that BCE may face some challenges in maintaining stability during adverse market conditions. Overall, BCE Inc. stands out for its strong dividend performance and positive momentum, highlighting its position as a key player in the Canadian communication services sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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