BCE Inc reports results for the quarter ended June 30 - Earnings Summary

• BCE Inc BCE reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 78 cents. The mean expectation of twelve analysts for the quarter was for earnings of 71 cents per share. Wall Street expected results to range from 67 cents to 76 cents per share.

• Revenue rose 1.3% to C$6.09 billion from a year ago; analysts expected C$5.95 billion.

• BCE Inc's reported EPS for the quarter was 63 cents​.

• The company reported quarterly net income of C$579 million.

• BCE Inc shares had risen by 4.9% this quarter and gained 0.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is "buy."

This summary was machine generated from LSEG data August 7 at 04:17 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)