Telus Corp reports results for the quarter ended March 31 - Earnings Summary

• Telus Corp T.TO reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of thirteen analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 20 cents to 27 cents per share.

• Revenue rose 3.1% to C$5.02 billion from a year ago; analysts expected C$4.99 billion.

• Telus Corp's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of C$321 million.

• Telus Corp shares had risen by 0.8% this quarter and gained 6.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5% 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 7 "strong buy" or "buy," 10 "hold" and 1 "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 Telus Corp is C$22.25

This summary was machine generated from LSEG data May 9 at 01:31 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)