For the quarter ended September 2024, BCE (BCE) reported revenue of $4.38 billion, down 3.4% over the same period last year. EPS came in at $0.55, compared to $0.60 in the year-ago quarter.The reported revenue represents a surprise of -1.64% over the Zacks Consensus Estimate of $4.45 billion. With the consensus EPS estimate being $0.57, the EPS surprise was -3.51%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...

Financial Performance - BCE Inc. reported financial results for Q3 2024, with total revenue of CAD 6,000 million, representing a 5% increase compared to Q3 2023[6]. - BCE's adjusted EBITDA for Q3 2024 was CAD 2,500 million, reflecting a 4% increase from the same period last year[6]. - BCE's operating revenues in Q3 2024 decreased by 1.8% year-over-year to $5,971 million, primarily due to a 14.3% decline in product revenues[22]. - The net loss attributable to common shareholders was $1,237 million in Q3 2024, a significant increase of $1,877 million compared to a net income of $640 million in Q3 2023[22]. - Adjusted EBITDA grew by 2.1% year-over-year to $2,722 million, with an adjusted EBITDA margin of 45.6%, up 1.7 percentage points from Q3 2023[23]. - BCE's total operating revenues for Q3 2024 were $5,971 million, a decrease of 1.8% compared to Q3 2023[42]. - Net loss for Q3 2024 was $1,191 million, a significant decline compared to net earnings of $707 million in Q3 2023[42]. - Cash flows from operating activities decreased by $119 million to $1,842 million in Q3 2024, attributed to lower cash from working capital and higher interest paid[26]. - BCE's adjusted net earnings for Q3 2024 were $688 million, or $0.75 per common share, down from $741 million, or $0.81 per common share, in Q3 2023[26]. Subscriber Growth and Market Position - The company added 150,000 new wireless subscribers in Q3 2024, bringing the total wireless subscriber base to 10 million, a year-over-year growth of 6%[6]. - BCE added 162,350 net retail subscriber activations in Q3 2024, down 46.7% year-over-year[45]. - Mobile phone net subscriber activations were 102,196 in Q3 2024, a decrease of 38.8% compared to Q3 2023[45]. - Retail residential NAS lines experienced net losses of 47,674 in Q3 2024[45]. - BCE's retail subscriber connections totaled 21,771,695 as of September 30, 2024, up 1.9% year-over-year[45]. - Retail high-speed Internet net subscriber activations decreased by 46.5% in Q3 2024, attributed to competitive pressures and market growth slowdown[114]. - Retail IPTV net subscriber activations decreased by 74.4% in Q3 2024, driven by reduced gross activations and competitive intensity[116]. Capital Expenditures and Investments - BCE's capital expenditures for 2024 are projected to be CAD 3,000 million, aimed at network enhancements and capacity expansion[12]. - BCE plans to maintain its annual common share dividend at CAD 3.00 per share during 2025, with potential future growth in dividends anticipated[8]. - BCE plans to dispose of its 37.5% stake in MLSE for $4.7 billion, with proceeds directed towards the acquisition of Ziply Fiber[30]. - BCE announced a definitive agreement to acquire Ziply Fiber for approximately $5.0 billion in cash and $2.0 billion in net debt, enhancing its fiber footprint in North America[29]. - The company is investing in new technologies and services to transition from a traditional telecommunications provider to a tech services and digital media company[12]. Financial Risks and Challenges - The company faces risks including economic conditions, regulatory changes, and competitive pressures that could impact future performance[12]. - Interest expense increased by 18.0% in Q3 2024, amounting to $440 million compared to $373 million in Q3 2023[42]. - The company experienced a significant impairment of assets of $2,113 million in Q3 2024, primarily in the Bell Media segment due to declining advertising demand[22]. - Operating costs decreased by 4.8% in Q3 2024, totaling $3,249 million[55]. - The company is currently assessing the impact of new regulatory decisions on its business operations and financial results[192]. Media and Advertising Performance - Bell Media operating revenues increased by 10.1% in Q3 2024, driven by higher subscriber and advertising revenues[50]. - Digital revenues rose by 19% in Q3 2024 and 24.9% year-to-date, contributing significantly to the growth in operating revenues[129]. - Bell Media's advertising revenues increased by 7.9% in Q3 2024, driven by digital advertising growth and higher out-of-home revenues[129]. - Adjusted EBITDA for Bell Media grew by 25.1% in Q3 2024 to $254 million, with a margin increase of 3.9 percentage points to 32.5%[130]. Debt and Liquidity - Long-term debt increased by $1,471 million (4.7%) to $32,606 million, while debt due within one year rose by $2,433 million (48.3%) to $7,475 million[138]. - Net debt increased by $3,012 million (8.3%) to $39,251 million, primarily due to cash flows from operating activities of $5,111 million and long-term debt issuance of $3,818 million[138]. - Total available liquidity as of September 30, 2024, was CAD 4.4 billion, consisting of CAD 1,860 million in cash, CAD 750 million in short-term investments, and CAD 1.2 billion available under credit facilities[177]. - The company expects to meet its 2024 cash requirements through cash flows from operations and available liquidity[178].

BCE (BCE) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.51%. A quarter ago, it was expected that this Canada's largest telecommunications company would post earnings of $0.59 per share when it actually produced earnings of $0.57, delivering a surprise of -3.39%.Over the last four ...

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Concerning Forward-Looking Statements" later in this news release.MONTRÉAL, Nov. 7, 2024 /PRNewswire/ - BCE Inc. (BCE) today announced that the Toronto Stock Exchange (the "TSX") has accepted a notice filed by BCE of its intention to renew its normal course issuer bid ("NCIB") to purchase up to 10% of the public float of each series of BCE's outstandi ...

BCE (TSX: BCE:CA )(NYSE: BCE ) offers one of the most attractive dividends on the market today, with the yield approaching 10%. But the payout is in danger after the company made anNelson retired from the corporate world at 39 and now manages his own portfolio full-time. His focus is on under covered and unappreciated Canadian dividend stocks, excellent companies at solid values which happen to pay dividends.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the compan ...

BCE Inc.’s (BCE) subsidiary Bell Canada recently inked a definitive agreement to acquire Ziply Fiber, a premium fiber Internet provider in the Pacific Northwest United States, to boost its North American fiber footprint and unlock new opportunities in the U.S. broadband market. The deal, valued at nearly C$7 billion, including C$5 billion in cash and the assumption of around C$2 billion in net debt at the close of the transaction, is anticipated to be settled in the second half of 2025, pending regulatory a ...

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Regarding Forward-Looking Statements" later in this release. BCE to acquire 100% of equity in Ziply Fiber for approximately C$5.0 billion (U.S. $3.65 billion) Acquisition to extend Bell's fibre footprint to the United States, adding approximately 1.3 million fibre locations Acquisition to reinforce Bell's position as third-largest fibre Internet provi ...

Wall Street expects a year-over-year decline in earnings on lower revenues when BCE (BCE) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 7. On the o ...

BCE (NYSE: BCE ) is down 14% this past year and nearly 35% in the last three. In the same year, the S&P 500 and S&P/TSX composite are up approximately 33% and 25%, respectively. Given BCE's long history and reputationI'm an ex-Project Manager for the luxury real estate auction company, Concierge Auctions, that has been studying stock investing since I was 14 years old. After leaving the company, I began focusing on my efforts on analyzing various investments and writing about them. My primary investing stra ...

These stocks have yields between 5.9% and 8.5%.Whether you want to retire early, work less, or just have extra money to fund a vacation, dividend stocks can provide you with the cash flow to help you achieve your goals. The key is to find high-yielding stocks that aren't too risky to ensure you aren't setting yourself up for disappointment later on.Three stocks that can be great dividend-paying investments to build your portfolio around are Pfizer (PFE 0.85%), BCE (BCE -0.38%), and Western Union (WU 1.03%). ...