TELUS Future Growth

Future criteria checks 2/6

TELUS is forecast to grow earnings and revenue by 19.2% and 4.1% per annum respectively. EPS is expected to grow by 19% per annum. Return on equity is forecast to be 14.2% in 3 years.

Key information

19.2%

Earnings growth rate

19.0%

EPS growth rate

Telecom earnings growth	13.2%
Revenue growth rate	4.1%
Future return on equity	14.2%
Analyst coverage	Good
Last updated	17 Apr 2024

Recent future growth updates

Recent updates

TELUS (TSE:T) Has Announced That It Will Be Increasing Its Dividend To CA$0.3636

May 07

Investors Could Be Concerned With TELUS' (TSE:T) Returns On Capital

Apr 17

Is TELUS (TSE:T) Using Too Much Debt?

Mar 18

Are Investors Undervaluing TELUS Corporation (TSE:T) By 43%?

Feb 05

Returns On Capital At TELUS (TSE:T) Paint A Concerning Picture

Jan 06

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

Dec 08

TELUS (TSE:T) Is Increasing Its Dividend To CA$0.3511

Nov 23

Some Investors May Be Worried About TELUS' (TSE:T) Returns On Capital

Oct 02

TELUS (TSE:T) Takes On Some Risk With Its Use Of Debt

Aug 31

The Returns On Capital At TELUS (TSE:T) Don't Inspire Confidence

Jun 30

TELUS (TSE:T) Is Increasing Its Dividend To CA$0.34

May 31

Is TELUS (TSE:T) A Risky Investment?

May 28

TELUS (TSE:T) Is Paying Out A Larger Dividend Than Last Year

May 10

The Returns On Capital At TELUS (TSE:T) Don't Inspire Confidence

Mar 26

Earnings and Revenue Growth Forecasts

TSX:T - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	22,696	1,965	2,964	5,731	5
12/31/2025	21,550	1,699	2,683	5,650	14
12/31/2024	20,704	1,310	2,239	5,145	15
12/31/2023	20,005	841	1,288	4,499	N/A
9/30/2023	19,872	801	1,104	4,311	N/A
6/30/2023	19,522	1,179	845	4,304	N/A
3/31/2023	18,961	1,447	827	4,437	N/A
12/31/2022	18,292	1,615	1,164	4,811	N/A
9/30/2022	17,730	2,011	-1,100	4,581	N/A
6/30/2022	17,336	1,842	-781	4,590	N/A
3/31/2022	17,072	1,709	-744	4,584	N/A
12/31/2021	16,838	1,655	-928	4,388	N/A
9/30/2021	16,438	1,271	945	4,525	N/A
6/30/2021	16,153	1,233	932	4,118	N/A
3/31/2021	15,700	1,188	1,293	4,336	N/A
12/31/2020	15,341	1,207	1,752	4,574	N/A
9/30/2020	15,106	1,315	1,410	4,370	N/A
6/30/2020	14,832	1,441	1,472	4,616	N/A
3/31/2020	14,763	1,668	433	4,314	N/A
12/31/2019	14,589	1,746	33	3,927	N/A
9/30/2019	14,476	1,735	330	4,046	N/A
6/30/2019	14,380	1,745	193	3,964	N/A
3/31/2019	14,233	1,618	1,080	4,010	N/A
12/31/2018	14,095	1,600	1,183	4,058	N/A
9/30/2018	13,859	1,596	1,119	4,089	N/A
6/30/2018	13,660	1,556	1,152	4,156	N/A
3/31/2018	13,486	1,555	1,053	4,076	N/A
12/31/2017	13,305	1,559	866	3,947	N/A
9/30/2017	13,116	1,287	N/A	3,700	N/A
6/30/2017	12,949	1,232	N/A	3,599	N/A
3/31/2017	12,799	1,259	N/A	3,365	N/A
12/31/2016	12,725	1,223	N/A	3,219	N/A
9/30/2016	12,623	1,403	N/A	3,357	N/A
6/30/2016	12,539	1,420	N/A	3,350	N/A
3/31/2016	12,515	1,345	N/A	3,401	N/A
12/31/2015	12,430	1,382	N/A	3,556	N/A
9/30/2015	12,359	1,433	N/A	3,603	N/A
6/30/2015	12,218	1,423	N/A	3,615	N/A
3/31/2015	12,064	1,463	N/A	3,527	N/A
12/31/2014	11,927	1,425	N/A	3,407	N/A
9/30/2014	11,740	1,403	N/A	3,216	N/A
6/30/2014	11,595	1,404	N/A	3,263	N/A
3/31/2014	11,467	1,309	N/A	3,115	N/A
12/31/2013	11,336	1,294	N/A	3,246	N/A
9/30/2013	11,242	1,267	N/A	3,223	N/A
6/30/2013	11,142	1,234	N/A	3,104	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: T's forecast earnings growth (19.2% per year) is above the savings rate (2%).

Earnings vs Market: T's earnings (19.2% per year) are forecast to grow faster than the Canadian market (12% per year).

High Growth Earnings: T's earnings are forecast to grow, but not significantly.

Revenue vs Market: T's revenue (4.1% per year) is forecast to grow slower than the Canadian market (6.6% per year).

High Growth Revenue: T's revenue (4.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: T's Return on Equity is forecast to be low in 3 years time (14.2%).

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TELUS Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

TELUS Corporation Reiterates Consolidated Earnings Guidance for the Full Year 2023

Consensus EPS estimates fall by 31%

TELUS Corporation Update Earnings Guidance for the Year 2022

Recent updates

TELUS (TSE:T) Takes On Some Risk With Its Use Of Debt

Shareholders Should Be Pleased With TELUS Corporation's (TSE:T) Price

Upcoming dividend of CA$0.38 per share

TELUS' (TSE:T) Soft Earnings Don't Show The Whole Picture

Fourth quarter dividend of CA$0.38 announced

Full year 2023 earnings: EPS exceeds analyst expectations

TELUS Corporation, Annual General Meeting, May 09, 2024

TELUS Corporation Declares Quarterly Cash Dividend, Payable on April 1, 2024

Returns On Capital At TELUS (TSE:T) Paint A Concerning Picture

TELUS Corporation Introduces New Stream+ Bundle

Here's Why TELUS (TSE:T) Has A Meaningful Debt Burden

Telus Expands Its Lineup of French-Language Entertainment with Content from Club Illico

Upcoming dividend of CA$0.38 per share at 6.2% yield

New minor risk - Shareholder dilution

New minor risk - Earnings quality

TELUS Health Launches Next-Generation Medical Alert System to Support Aging in Place Across Canada

TELUS (TSE:T) Will Pay A Larger Dividend Than Last Year At CA$0.3761

TELUS Corporation Reiterates Consolidated Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

TELUS (TSE:T) May Have Issues Allocating Its Capital

TELUS Corporation, TerreStar Solutions, Inc. and Skylo Technologies, Inc. Demonstrate Canada's First Two-Way Communication Between Smartphones and Satellite

TELUS to Offer All-New iPhone 15, iPhone 15 Plus, iPhone 15 Pro, iPhone 15 and Pro Max with USB-C

Upcoming dividend of CA$0.36 per share at 6.1% yield

President recently bought CA$1.6m worth of stock

President recently bought CA$3.1m worth of stock

Consensus EPS estimates fall by 31%

Telus Corporation Declares Quarterly Dividend, Payable on October 2, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS misses analyst expectations

TELUS Launches HomePro™ to Solve All The Connected Home Needs

We Think TELUS (TSE:T) Is Taking Some Risk With Its Debt

There Are Reasons To Feel Uneasy About TELUS' (TSE:T) Returns On Capital

TELUS Corporation to Report Q2, 2023 Results on Aug 04, 2023

TELUS' (TSE:T) Upcoming Dividend Will Be Larger Than Last Year's

TELUS Announces the Return of the TELUS Esports Series Powered by TELUS Arena

Upcoming dividend of CA$0.36 per share at 5.7% yield

Are Investors Undervaluing TELUS Corporation (TSE:T) By 35%?

Telus Health Launches Total Mental Health with Continuous Coordinated Access to Mental Health Support for Organizations Across the United States

TELUS (TSE:T) Has Announced That It Will Be Increasing Its Dividend To CA$0.3636

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

TELUS Corporation Declares Quarterly Dividend on the Issued and Outstanding Common Shares, Payable on July 4, 2023

Investors Could Be Concerned With TELUS' (TSE:T) Returns On Capital

Now 20% undervalued

President recently bought CA$4.0m worth of stock

Is TELUS (TSE:T) Using Too Much Debt?

Now 20% undervalued after recent price drop

Upcoming dividend of CA$0.35 per share at 5.2% yield

Now 20% undervalued after recent price drop

TELUS Corporation Announces Board Changes, Effective in Early May 2023

Full year 2022 earnings: EPS misses analyst expectations

TELUS Health Apoints Sid Kosaraju as President

Are Investors Undervaluing TELUS Corporation (TSE:T) By 43%?

Telus Corporation Appoints Jim Senko as Chief Product Officer

Returns On Capital At TELUS (TSE:T) Paint A Concerning Picture

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

COO & EVP exercised options to buy CA$1.7m worth of stock.

President exercised options and sold CA$79k worth of stock

TELUS (TSE:T) Is Increasing Its Dividend To CA$0.3511

Third quarter 2022 earnings: EPS exceeds analyst expectations

TELUS Corporation Update Earnings Guidance for the Year 2022

TELUS Business Launches New Online Platform to Support Entrepreneurs and Connect Consumers to Local Businesses

Some Investors May Be Worried About TELUS' (TSE:T) Returns On Capital

Insider recently sold CA$288k worth of stock

TELUS Corporation (TSX:T) completed the acquisition of LifeWorks Inc. (TSX:LWRK) from senior officers of LifeWorks Inc. and others.

Upcoming dividend of CA$0.34 per share

TELUS (TSE:T) Takes On Some Risk With Its Use Of Debt

TELUS Corporation Declares Quarterly Dividend, Payable on October 3, 2022

Second quarter 2022 earnings: EPS exceeds analyst expectations

TELUS Purefibre Ultimate Gamer Bundle Brings Users an Unmatched Cloud Gaming Experience

The Returns On Capital At TELUS (TSE:T) Don't Inspire Confidence

TELUS Corporation (TSX:T) entered into a binding agreement to acquire LifeWorks Inc. (TSX:LWRK) from e directors and senior officers of LifeWorks Inc. and others for CAD 1.1 Billion.

TELUS Corporation (TSX:T) announces an Equity Buyback for 10,000,000 shares, representing 0.72% for CAD 250 million.