BCE Past Earnings Performance
Past criteria checks 1/6
BCE's earnings have been declining at an average annual rate of -3.5%, while the Telecom industry saw earnings growing at 2.2% annually. Revenues have been growing at an average rate of 0.9% per year. BCE's return on equity is 11.3%, and it has net margins of 8.4%.
Key information
-3.5%
Earnings growth rate
-3.8%
EPS growth rate
| Telecom Industry Growth | 1.8% |
| Revenue growth rate | 0.9% |
| Return on equity | 11.3% |
| Net Margin | 8.4% |
| Next Earnings Update | 02 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How BCE makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 24,673 | 2,076 | 218 | 90 |
| 30 Sep 23 | 24,639 | 2,222 | 220 | 0 |
| 30 Jun 23 | 24,583 | 2,297 | 220 | 0 |
| 31 Mar 23 | 24,378 | 2,564 | 220 | 0 |
| 31 Dec 22 | 24,174 | 2,716 | 220 | 57 |
| 30 Sep 22 | 23,944 | 2,813 | 213 | 0 |
| 30 Jun 22 | 23,756 | 2,855 | 213 | 0 |
| 31 Mar 22 | 23,593 | 2,944 | 213 | 0 |
| 31 Dec 21 | 23,449 | 2,709 | 213 | 0 |
| 30 Sep 21 | 23,342 | 2,762 | 241 | 0 |
| 30 Jun 21 | 23,293 | 2,691 | 241 | 0 |
| 31 Mar 21 | 22,949 | 2,239 | 241 | 0 |
| 31 Dec 20 | 22,883 | 2,272 | 241 | 0 |
| 30 Sep 20 | 23,056 | 2,261 | 236 | 0 |
| 30 Jun 20 | 23,209 | 2,434 | 236 | 0 |
| 31 Mar 20 | 23,744 | 2,955 | 236 | 0 |
| 31 Dec 19 | 23,793 | 3,011 | 236 | 0 |
| 30 Sep 19 | 23,733 | 2,950 | 352 | 0 |
| 30 Jun 19 | 23,670 | 2,905 | 352 | 0 |
| 31 Mar 19 | 23,567 | 2,855 | 352 | 0 |
| 31 Dec 18 | 23,468 | 2,785 | 352 | 0 |
| 30 Sep 18 | 23,289 | 2,835 | 399 | 0 |
| 30 Jun 18 | 23,109 | 2,824 | 399 | 0 |
| 31 Mar 18 | 23,011 | 2,885 | 399 | 0 |
| 31 Dec 17 | 22,757 | 2,866 | 399 | 0 |
| 30 Sep 17 | 22,423 | 2,867 | 353 | 0 |
| 30 Jun 17 | 22,133 | 2,816 | 353 | 0 |
| 31 Mar 17 | 21,785 | 2,829 | 353 | 0 |
| 31 Dec 16 | 21,719 | 2,894 | 353 | 0 |
| 30 Sep 16 | 21,620 | 2,733 | 340 | 0 |
| 30 Jun 16 | 21,558 | 2,720 | 340 | 0 |
| 31 Mar 16 | 21,544 | 2,701 | 340 | 0 |
| 31 Dec 15 | 21,514 | 2,526 | 340 | 0 |
| 30 Sep 15 | 21,439 | 2,572 | 335 | 0 |
| 30 Jun 15 | 21,289 | 2,433 | 335 | 0 |
| 31 Mar 15 | 21,183 | 2,280 | 335 | 0 |
| 31 Dec 14 | 21,042 | 2,363 | 335 | 0 |
| 30 Sep 14 | 20,896 | 2,316 | 300 | 0 |
| 30 Jun 14 | 20,800 | 2,059 | 300 | 0 |
| 31 Mar 14 | 20,580 | 2,024 | 300 | 0 |
| 31 Dec 13 | 20,400 | 1,975 | 300 | 0 |
| 30 Sep 13 | 20,179 | 2,146 | 269 | 0 |
| 30 Jun 13 | 20,062 | 2,330 | 269 | 0 |
Quality Earnings: BCE.PRZ has high quality earnings.
Growing Profit Margin: BCE.PRZ's current net profit margins (8.4%) are lower than last year (11.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BCE.PRZ's earnings have declined by 3.5% per year over the past 5 years.
Accelerating Growth: BCE.PRZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BCE.PRZ had negative earnings growth (-23.6%) over the past year, making it difficult to compare to the Telecom industry average (-23.6%).
Return on Equity
High ROE: BCE.PRZ's Return on Equity (11.3%) is considered low.