BCE Inc reports results for the quarter ended March 31 - Earnings Summary

• BCE Inc BCE.TO reported quarterly adjusted earnings of 69 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 72 cents. The mean expectation of ten analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 59 cents to 64 cents per share.

• Revenue fell 1.3% to C$5.93 billion from a year ago; analysts expected C$5.93 billion.

• BCE Inc's reported EPS for the quarter was 69 cents​.

• The company reported quarterly net income of C$630 million.

• BCE Inc shares had fallen by 7.4% this quarter and lost 8.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is also "hold"

• Wall Street's median 12-month price target for BCE Inc is C$36.00

This summary was machine generated from LSEG data May 8 at 01:30 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)