Stock Analysis
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- TSX:RCI.B
Rogers Communications First Quarter 2024 Earnings: EPS Misses Expectations
Rogers Communications (TSE:RCI.B) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$4.90b (up 28% from 1Q 2023).
- Net income: CA$256.0m (down 50% from 1Q 2023).
- Profit margin: 5.2% (down from 13% in 1Q 2023).
- EPS: CA$0.48 (down from CA$1.01 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Rogers Communications EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Wireless Telecom industry in North America.
Performance of the market in Canada.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 5 warning signs for Rogers Communications (1 is potentially serious!) that you should be aware of.
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About TSX:RCI.B
Rogers Communications
Rogers Communications Inc. operates as a communications and media company in Canada.
Reasonable growth potential average dividend payer.