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Rogers Comm Cl A (TSE:RCI.A)
TSX:RCI.A
Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.36Last Year’s EPS
1.19Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 19, 2018
|% Change Since: -3.36%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Positive
The earnings call demonstrated strong operational performance with record subscriber growth and innovative financial strategies to reduce debt. However, the decline in roaming revenue presents a challenge. Overall, Rogers is maintaining its competitive edge in the market.Company Guidance
During the Q3 2024 earnings call for Rogers Communications, the company provided significant guidance on its financial and operational outlook. They announced a pioneering $7 billion structured equity financing deal with a leading global financial investor, aimed at reducing their debt leverage ratio to 3.7x by year-end, ahead of the previously targeted 4.2x. The transaction is expected to close in Q4 2024 and marks a substantial step in their Shaw deleveraging plans. Rogers highlighted their strong market performance with record mobile phone and Internet net additions of 227,000 for the quarter, contributing to a total of 1.9 million over the past 11 quarters. Wireless service revenue grew by 2%, with adjusted EBITDA up by 5%, achieving industry-leading wireless margins of 66%. Cable revenue showed sequential improvement, with a 1% decline, and cable adjusted EBITDA increased by 5%, reaching a margin of 58%. Their Sports & Media business also delivered robust results with 11% revenue growth and a 25% rise in adjusted EBITDA. Additionally, Rogers reaffirmed its 2024 guidance range targets, emphasizing continued growth and efficiency gains.Strong Subscriber Growth
Rogers added a record 227,000 mobile phone and Internet net additions in Q3. Over the past 11 quarters, they have added 1.9 million mobile phone and Internet net additions.
Innovative $7 Billion Structured Equity Financing
Rogers announced a $7 billion structured equity financing with a leading global financial investor to pay down debt. This will reduce their debt leverage ratio to 3.7x by year-end, ahead of the 4.2x target.
Industry-leading Margins
Rogers achieved their best-ever cable and wireless margins with wireless service revenue up 2% and adjusted EBITDA up 5%. Cable adjusted EBITDA increased by 5% with margins of 58%.
Record Wireless and Cable Margins
Wireless adjusted EBITDA margin reached an all-time high of 66%, and Cable margins hit 58%, also an all-time high.
Strong Performance in Sports & Media
Sports & Media revenue grew 11%, and adjusted EBITDA rose 25% in Q3.
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TSE:RCI.A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:RCI.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | C$47.60 | C$46.05 | -3.26% |
| Oct 24, 2024 | C$56.56 | C$55.57 | -1.75% |
| Jul 24, 2024 | C$52.41 | C$52.41 | 0.00% |
| Apr 24, 2024 | C$54.65 | C$54.23 | -0.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rogers Comm Cl A (TSE:RCI.A) report earnings?
Rogers Comm Cl A (TSE:RCI.A) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Rogers Comm Cl A (TSE:RCI.A) earnings time?
Rogers Comm Cl A (TSE:RCI.A) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:RCI.A EPS forecast?
TSE:RCI.A EPS forecast for the fiscal quarter 2024 (Q4) is 1.36.
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