Rogers Communications Future Growth

Future criteria checks 4/6

Rogers Communications is forecast to grow earnings and revenue by 26.9% and 2.6% per annum respectively. EPS is expected to grow by 24.8% per annum. Return on equity is forecast to be 20.4% in 3 years.

Key information

26.9%

Earnings growth rate

24.8%

EPS growth rate

Wireless Telecom earnings growth	13.8%
Revenue growth rate	2.6%
Future return on equity	20.4%
Analyst coverage	Good
Last updated	26 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSE:RCI - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	22,019	2,632	3,883	7,801	5
12/31/2025	21,332	2,372	3,278	7,364	14
12/31/2024	20,737	1,808	2,973	6,560	15
3/31/2024	20,374	594	1,678	5,948	N/A
12/31/2023	19,308	849	1,105	5,221	N/A
9/30/2023	18,139	1,029	1,158	4,987	N/A
6/30/2023	16,790	1,499	768	4,449	N/A
3/31/2023	15,612	1,799	755	4,133	N/A
12/31/2022	15,396	1,680	1,371	4,493	N/A
9/30/2022	15,149	1,577	1,298	4,495	N/A
6/30/2022	15,072	1,696	1,533	4,598	N/A
3/31/2022	14,786	1,589	1,288	4,295	N/A
12/31/2021	14,655	1,558	1,319	4,161	N/A
9/30/2021	14,416	1,602	1,310	3,961	N/A
6/30/2021	14,415	1,624	1,207	3,628	N/A
3/31/2021	13,988	1,601	1,784	4,041	N/A
12/31/2020	13,916	1,592	1,952	4,321	N/A
9/30/2020	14,188	1,611	1,979	4,540	N/A
6/30/2020	14,277	1,692	2,153	4,859	N/A
3/31/2020	14,902	2,004	-133	4,487	N/A
12/31/2019	15,073	2,043	-110	4,526	N/A
9/30/2019	15,059	2,077	-224	4,411	N/A
6/30/2019	15,074	2,078	-274	4,410	N/A
3/31/2019	15,050	2,025	1,534	4,401	N/A
1/1/2019	15,096	2,059	1,419	4,288	N/A
9/30/2018	14,889	2,056	1,507	4,379	N/A
6/30/2018	14,766	1,970	1,638	4,452	N/A
3/31/2018	14,630	1,960	1,348	4,227	N/A
12/31/2017	14,369	1,845	N/A	3,938	N/A
9/30/2017	14,148	1,337	N/A	3,849	N/A
6/30/2017	13,994	1,049	N/A	3,657	N/A
3/31/2017	13,829	915	N/A	3,955	N/A
12/31/2016	13,702	835	N/A	3,957	N/A
9/30/2016	13,644	1,104	N/A	3,854	N/A
6/30/2016	13,536	1,348	N/A	4,125	N/A
3/31/2016	13,484	1,317	N/A	4,118	N/A
12/31/2015	13,414	1,342	N/A	3,747	N/A
9/30/2015	13,328	1,379	N/A	3,828	N/A
6/30/2015	13,196	1,247	N/A	3,429	N/A
3/31/2015	13,005	1,289	N/A	3,517	N/A
12/31/2014	12,850	1,341	N/A	3,698	N/A
9/30/2014	12,727	1,364	N/A	3,739	N/A
6/30/2014	12,699	1,496	N/A	3,734	N/A
3/31/2014	12,699	1,623	N/A	3,593	N/A
12/31/2013	12,706	1,669	N/A	3,990	N/A
9/30/2013	12,724	1,871	N/A	3,586	N/A
6/30/2013	12,676	1,873	N/A	3,680	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RCI's forecast earnings growth (26.9% per year) is above the savings rate (2.3%).

Earnings vs Market: RCI's earnings (26.9% per year) are forecast to grow faster than the US market (14.7% per year).

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

Revenue vs Market: RCI's revenue (2.6% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: RCI's revenue (2.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RCI's Return on Equity is forecast to be high in 3 years time (20.4%)

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Rogers Communications Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Rogers Communications Inc. Provides Earnings Guidance for the Year 2023

Rogers Communications Inc. Reaffirms Earnings Guidance for 2023

Rogers Communications Inc. Affirms Earnings Guidance for the Year 2023

Rogers Communications Inc. Provides Earnings Guidance for the Year 2023

Rogers Communications Inc. Affirms Earnings Guidance for the Year 2022

Rogers Communications Inc. Reaffirms Standalone Earnings Guidance for the Year 2022

Recent updates

Rogers Communications Q1 Earnings: Nothing But Good News

First quarter dividend of CA$0.50 announced

Rogers Communications Inc. Approves Board Elections

First quarter 2024 earnings: EPS misses analyst expectations

Rogers Communications Inc. to Report Q1, 2024 Results on Apr 24, 2024

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of CA$0.50 per share

Rogers Communications Inc., Annual General Meeting, Apr 24, 2024

Fourth quarter dividend of CA$0.50 announced

New minor risk - Earnings quality

Full year 2023 earnings: EPS misses analyst expectations

Rogers Communications Inc. Declares Quarterly Dividend, Payable on April 3, 2024

Rogers Communications Inc. Provides Earnings Guidance for the Year 2023

Rogers Communications: The Worst Of The Canadian Telecommunications Giants

Rogers Communications Announces Board Changes

Rogers Communications Inc. to Report Q4, 2023 Results on Feb 01, 2024

Rogers Communications Inc. (TSX:RCI.B) acquired 3800 MHz 5G Spectrum Across Canada for approximately CAD 480 million.

Upcoming dividend of CA$0.50 per share at 3.5% yield

Rogers Communications: Growth In ARPU And Lower Debt Leverage Ratio Encouraging

Rogers Communications Inc. Turns on 5G Service for Its Customers at All TTC Subway Stations

Third quarter 2023 earnings: EPS misses analyst expectations

Rogers Communications Inc. Reaffirms Earnings Guidance for 2023

Hidden Assets And Improved Cash Flow Make Rogers Communications A Buy

Rogers Communications Inc. to Report Q3, 2023 Results on Nov 09, 2023

Rogers Communications Inc. announced that it expects to receive CAD 3 billion in funding

Rogers Communications Inc. announced that it expects to receive CAD 3 billion in funding

Upcoming dividend of CA$0.50 per share at 3.6% yield

Rogers Communications Inc. Launches 5G Service on the TTC's Downtown U

Rogers Communications Inc. Announces Passing of Philip B. Lind, a Member of the Board of Directors

Rogers Communications: LTV Growth And Earnings Performance Encouraging

Rogers Communications Inc. Affirms Earnings Guidance for the Year 2023

Second quarter 2023 earnings: EPS misses analyst expectations

Rogers Communications Inc. to Report Q2, 2023 Results on Jul 26, 2023

New minor risk - Shareholder dilution

Upcoming dividend of CA$0.50 per share at 3.3% yield

Rogers Communications: Everyone Keeps Ignoring Good News

Insider recently bought US$197k worth of stock

Full year 2022 earnings: EPS exceeds analyst expectations

Upcoming dividend of CA$0.50 per share at 3.1% yield

Full year 2022 earnings: EPS exceeds analyst expectations

Rogers Communications Inc. Provides Earnings Guidance for the Year 2023

Rogers Q4 2022 Earnings Preview

Rogers Communications Inc., Annual General Meeting, Apr 26, 2023

Rogers, Shaw rise 3% as court rules in favor of merger

Rogers Communications Inc. Announces the Passing of Alan Horn, Member of the Board of Directors

Canada appeals court sets Jan. 24 for hearing on Rogers-Shaw deal

Rogers Communications Inc. to Report Q4, 2022 Results on Feb 02, 2023

Upcoming dividend of CA$0.50 per share

Third quarter 2022 earnings: EPS misses analyst expectations

Rogers Communications Inc. Declares Quarterly Dividend, Payable on January 3, 2023

Rogers Q3 2022 Earnings Preview

Rogers Communications Inc. Launches Technology Centre of Excellence At Norcat to Enable and Expedite the Future of Smart Mining

Rogers, Shaw plan Competition Bureau mediation over merger

Rogers Communications' banking unit launches credit card

Rogers Communications Inc. to Report Q3, 2022 Results on Nov 09, 2022

Rogers Communications Inc.(TSX:RCI.B) dropped from FTSE All-World Index (USD)

Rogers to Offer All-New iPhone 14, iPhone 14 Plus, iPhone 14 Pro, iPhone 14 Pro Max, Apple Watch Series 8, and AirPods Pro (2nd Generation)

Upcoming dividend of CA$0.50 per share

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Rogers Communications Inc. Affirms Earnings Guidance for the Year 2022

Rogers plans C$10B investment in AI, testing

Rogers Communications Inc. Announces Board Changes

Rogers Communications Inc. to Report Q2, 2022 Results on Jul 27, 2022

Canada Watchdog Reportedly to Ask Rogers to Sell Shaw Mobile to Clinch Deal

Rogers Communications Inc. Reaffirms Standalone Earnings Guidance for the Year 2022

Rogers Communications Inc. Announces Demise of Loretta Rogers, Corporate Director

First quarter 2022 earnings: EPS misses analyst expectations

Rogers Communications Inc. Appoints David A. Robinson as Director

Rogers Announces Successful Production Test of 8 Gbps Symmetrical Fibre Broadband