BCE Inc.

TSX:BCE Stock Report

Market Cap: CA$28.4b

BCE Future Growth

Future criteria checks 3/6

BCE is forecast to grow earnings and revenue by 26% and 1.5% per annum respectively. EPS is expected to grow by 25.7% per annum. Return on equity is forecast to be 14% in 3 years.

Key information

26.0%

Earnings growth rate

25.69%

EPS growth rate

Telecom earnings growth19.4%
Revenue growth rate1.5%
Future return on equity13.99%
Analyst coverage

Good

Last updated06 Jul 2025

Recent future growth updates

Recent updates

BCE's (TSE:BCE) Shareholders Will Receive A Smaller Dividend Than Last Year

Jun 02
BCE's (TSE:BCE) Shareholders Will Receive A Smaller Dividend Than Last Year

Some Shareholders May Object To A Pay Rise For BCE Inc.'s (TSE:BCE) CEO This Year

May 01
Some Shareholders May Object To A Pay Rise For BCE Inc.'s (TSE:BCE) CEO This Year

BCE Inc.'s (TSE:BCE) Share Price Not Quite Adding Up

Apr 23
BCE Inc.'s (TSE:BCE) Share Price Not Quite Adding Up

Investor Optimism Abounds BCE Inc. (TSE:BCE) But Growth Is Lacking

Jan 16
Investor Optimism Abounds BCE Inc. (TSE:BCE) But Growth Is Lacking

Is BCE (TSE:BCE) A Risky Investment?

Dec 26
Is BCE (TSE:BCE) A Risky Investment?

BCE's (TSE:BCE) Conservative Accounting Might Explain Soft Earnings

Nov 14
BCE's (TSE:BCE) Conservative Accounting Might Explain Soft Earnings
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Expanding Fiber Ventures Boost Future Revenue And Margin Transformation In Media And Wireless

BCE's strategic acquisitions and digital shift drive growth and stabilize earnings by enhancing market presence, technology integration, and media revenue.

These 4 Measures Indicate That BCE (TSE:BCE) Is Using Debt Extensively

Aug 20
These 4 Measures Indicate That BCE (TSE:BCE) Is Using Debt Extensively

BCE Inc. Just Missed EPS By 5.7%: Here's What Analysts Think Will Happen Next

Aug 05
BCE Inc. Just Missed EPS By 5.7%: Here's What Analysts Think Will Happen Next

Investors Interested In BCE Inc.'s (TSE:BCE) Earnings

Jul 27
Investors Interested In BCE Inc.'s (TSE:BCE) Earnings

Earnings and Revenue Growth Forecasts

TSX:BCE - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202724,8062,6903,6167,8147
12/31/202624,6882,2203,5177,77515
12/31/202524,1842,3223,3117,09515
3/31/202524,3283913,3767,427N/A
12/31/202424,4091632,5606,988N/A
9/30/202424,460842,9667,484N/A
6/30/202424,5691,9612,8907,603N/A
3/31/202424,6301,7533,0587,831N/A
12/31/202324,6732,0763,1827,946N/A
9/30/202324,6392,2222,2807,629N/A
6/30/202324,5832,2972,1577,664N/A
3/31/202324,3782,5642,6227,896N/A
12/31/202224,1742,7163,2298,365N/A
9/30/202223,9442,8131,4248,052N/A
6/30/202223,7562,8559407,830N/A
3/31/202223,5932,9448517,732N/A
12/31/202123,4492,7091,0748,008N/A
9/30/202123,3422,7622,5987,896N/A
6/30/202123,2932,6913,3998,232N/A
3/31/202122,9492,2393,7728,295N/A
12/31/202022,8832,2723,4667,754N/A
9/30/202023,0562,2614,2708,214N/A
6/30/202023,2092,4344,5268,362N/A
3/31/202023,7442,9553,9907,893N/A
12/31/201923,7933,0113,9847,958N/A
9/30/201923,7332,9503,8567,655N/A
6/30/201923,6702,9053,6217,440N/A
3/31/201923,5672,8553,4967,404N/A
12/31/201823,4682,785N/A7,384N/A
9/30/201823,2892,835N/A7,254N/A
6/30/201823,1092,824N/A7,444N/A
3/31/201823,0112,885N/A7,541N/A
12/31/201722,7572,866N/A7,358N/A
9/30/201722,4232,867N/A7,220N/A
6/30/201722,1332,816N/A6,930N/A
3/31/201721,7852,829N/A6,666N/A
12/31/201621,7192,894N/A6,643N/A
9/30/201621,6202,733N/A6,633N/A
6/30/201621,5582,720N/A6,568N/A
3/31/201621,5442,701N/A6,519N/A
12/31/201521,5142,526N/A6,274N/A
9/30/201521,4392,572N/A6,291N/A
6/30/201521,2892,433N/A6,295N/A
3/31/201521,1832,280N/A6,304N/A
12/31/201421,0422,363N/A6,241N/A
9/30/201420,8962,316N/A6,552N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCE's forecast earnings growth (26% per year) is above the savings rate (2.5%).

Earnings vs Market: BCE's earnings (26% per year) are forecast to grow faster than the Canadian market (12.4% per year).

High Growth Earnings: BCE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BCE's revenue (1.5% per year) is forecast to grow slower than the Canadian market (3.9% per year).

High Growth Revenue: BCE's revenue (1.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BCE's Return on Equity is forecast to be low in 3 years time (14%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/07 10:10
End of Day Share Price 2025/07/04 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BCE Inc. is covered by 40 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amman SaeedAccountability Research Corporation
null nullArgus Research Company
Lauren BonhamBarclays