BCE Earnings Prediction
The chart below shows how BCE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BCE sees a +0.67% change in stock price 10 days leading up to the earnings, and a +0.31% change 10 days following the report. On the earnings day itself, the stock moves by -1.13%. This data can give you a slight idea of what to expect for the next quarter's release.
BCE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.42B
-0.79%
7.55%
Gross Margin
--
--
--
Operating Margin
--
--
--
Net Margin
7.86%
16.96%
-139.40%
EPS
0.51
21.43%
-137.50%
No Data Available
BCE Earnings Analysis
BCE Inc Corporation (BCE.N) Earnings Conference Call
Positive
Earnings Per Share Beat: BCE Inc. reported an EPS of $0.79, significantly exceeding expectations of $0.53, reflecting strong financial performance.
Record EBITDA Margin Increase: Consolidated EBITDA margin increased by 1.2 points to 43.4%, marking the highest annual margin performance in over 30 years.
Digital Revenue Growth: Digital revenue grew by 19% year-over-year, now comprising 42% of total media revenue, up from 35% in 2023, indicating a successful strategic shift to digital.
Cost Savings and Efficiency: Cost savings from transformation initiatives and workforce reduction programs delivered over $200 million in savings for 2024, contributing to improved financial efficiency.
Free Cash Flow Projection: Free cash flow is projected to increase by 11% to 19% in 2025, driven by lower CapEx and an improved working capital position.
Negative
Revenue Decline Analysis: Total revenue decreased by 0.8% in Q4 2024, reflecting sustained competitive pricing pressures and ongoing declines in legacy voice, data, and satellite TV services.
Postpaid Customer Acquisition Slowdown: Postpaid net additions of 56,550 were down compared to a strong Q4 last year, indicating a slowdown in customer acquisition despite all new customers being on the main Bell brand.
Wireless Revenue Decline: Wireless service revenue declined by 1.5%, with expectations that the rate of decline will continue due to the competitive pricing environment affecting service revenue.
CapEx Reduction Impact: The CRTC's rejection of a request to reconsider its decision on wholesale tariff access has led to a significant reduction in CapEx for 2025, now projected to be $3.4 billion, which is $500 million lower than last year.
Adjusted EPS Decline Forecast: Adjusted EPS is projected to decline by 8% to 13% compared to 2024, primarily due to increased interest expenses, higher depreciation, and a higher average number of common shares outstanding.
BCE FAQs
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BCE Earning Call Sentiment
BCE Inc. (NYSE:BCE) Q4 2024 Earnings Call Transcript
BCE.N
1.7%Positive
Despite strong EPS and EBITDA margin improvements, concerns arise from revenue decline and weak wireless service revenue. The acquisition of Ziply Fiber and strategic initiatives are positive, but the revised revenue guidance and unclear management responses in the Q&A section limit optimism. The dividend policy's uncertainty and potential regulatory impacts add to the neutral sentiment. Without market cap information, the overall sentiment remains balanced.
