- Adjusted Basic EPS Beats Estimates: C$0.25 vs. C$0.19 y/y, estimate was C$0.22.
- Operating Revenues: C$4.97 billion, a 0.6% increase year-over-year, slightly below the estimate of C$5 billion.
- Mobile Churn Rate: Increased to 1.07% from 0.91% year-over-year.
- Adjusted EBITDA: C$1.80 billion, a 5.5% increase year-over-year, meeting the estimate of C$1.8 billion.
- Adjusted Net Income: C$366 million, a 34% increase year-over-year, surpassing the estimate of C$327.9 million.
- Capital Expenditure: C$691 million, below the estimate of C$743.6 million.
- Free Cash Flow: C$478 million, a 71% increase year-over-year, higher than the estimate of C$449.7 million.
- Rebranding: TELUS International to be formally rebranded as TELUS Digital Experience (TELUS Digital) in the third quarter.
- Annual Outlook Revised: TELUS Digital revised its annual outlook for 2024 due to a challenging macroeconomic and operating environment.
- Synergies from LifeWorks Acquisition: Achieved C$297 million in annualized synergies since acquiring LifeWorks in 2022, including C$248 million in cost synergies and C$49 million in cross-selling, targeting C$427 million by the end of 2025.
- Global Lives Covered: Increased by 10% year-over-year to more than 75 million lives covered.
- Analyst Recommendations: 11 buys, 6 holds, 1 sell.
A look at TELUS Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| 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
TELUS Corporation, a telecommunications giant in Canada, shows promise for long-term growth based on its Smartkarma Smart Scores. With a strong dividend score of 4 and robust momentum score of 4, TELUS is poised to reward investors while maintaining positive stock performance. While its value and growth scores are moderate at 3, the company’s resilience score of 2 suggests potential challenges in navigating unforeseen market downturns.
Overall, TELUS Corporation’s Smartkarma Smart Scores indicate a favorable outlook, particularly in terms of dividends and momentum, positioning it as a solid investment choice for investors seeking steady returns in the telecommunications sector in the long run.
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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