- Rogers Communications reported an adjusted EPS of C$0.99, slightly missing the estimate of C$1.01.
- Total revenue reached C$4.98 billion, surpassing the expected C$4.97 billion.
- Wireless revenue fell short of expectations at C$2.54 billion compared to the anticipated C$2.56 billion.
- Cable revenue met the estimate exactly at C$1.94 billion.
- Media revenue was notably higher than expected at C$596 million, against an estimate of C$555.5 million.
- Adjusted EBITDA matched the forecast, totaling C$2.25 billion.
- Wireless postpaid net additions exceeded forecasts with a gain of 11,000 against an estimate of 10,049.
- The wireless postpaid monthly churn rate was slightly better at 1.01%, compared to the expected 1.03%.
- In terms of wireless prepaid, there was a net subscriber increase of 23,000, outperforming the projected 19,132.
- However, wireless prepaid monthly churn was higher than anticipated at 3.34%, against an estimate of 3.21%.
- Capital expenditure stood at C$978 million, above the expected C$967.8 million.
- Free cash flow was reported at C$586 million, falling short of the projected C$623.6 million.
- The company currently has 12 buy recommendations, 3 hold recommendations, and 2 sell recommendations from analysts.
A look at Rogers Communications Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
According to the Smartkarma Smart Scores, Rogers Communications has a generally positive long-term outlook. With solid scores in Dividend, Growth, Resilience, Momentum, and a slightly lower score in Value, the company seems to be well-positioned in various aspects. This indicates that Rogers Communications may offer stable dividends for investors, potential for growth in the future, and resilience to market volatility. Its momentum also suggests a steady performance in the coming years.
Rogers Communications, Inc. is a diverse Canadian company in the communication and media sector. Providing a range of services such as wireless communications, cable TV, internet access, and broadcasting, the company has established a strong presence in various segments of the industry. With favorable Smart Scores across different factors, Rogers Communications appears to be on a promising trajectory for long-term success.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
