BCE (NYSE: BCE) reported earnings on Aug. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), BCE met expectations on revenue and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins increased, and net margins improved.
Revenue details
BCE chalked up revenue of $4.83 billion. The 10 analysts polled by S&P Capital IQ hoped for a top line of $4.87 billion on the same basis. GAAP reported sales were 6.1% lower than the prior-year quarter's $5.14 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $1.00. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.80 per share. GAAP EPS of $0.98 for Q2 were 24% higher than the prior-year quarter's $0.79 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 41.5%, 790 basis points worse than the prior-year quarter. Operating margin was 24.4%, 100 basis points better than the prior-year quarter. Net margin was 16.4%, 390 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $4.98 billion. On the bottom line, the average EPS estimate is $0.88.
Next year's average estimate for revenue is $20.23 billion. The average EPS estimate is $3.17.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 226 members out of 249 rating the stock outperform, and 23 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give BCE a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BCE is hold, with an average price target of $40.70.
- Add BCE to My Watchlist.
